UK 30-Year Gilt Yields Reach Highest Level Since 1998 Under Labour – Guido Fawkes

UK 30-Year Gilt Yields Reach Highest Level Since 1998 Under Labour

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As ministers return to Westminster, 30-year gilt yields are up to 5.64% this morning, the highest level since 1998. That’s up on last Tuesday’s high of 5.62%. Piling pressure on Reeves as borrowing costs soar ahead of the budget…

At the same time, the Confederation of British Industry said bosses are expected to invest and hire less across all industries in the next three months with consumer services seeing the fastest decline. They’re blaming expected further tax rises along with Rayner’s Employment Rights Bill… 

Meanwhile a Downing Street reshuffle is underway, filling up the Treasury with tax-happy personnel in a pitch to the Left. Things can only get worse…