Politics · 44 minutes ago
Burnham's socialist plans send UK bond yields to 2008 high
Prime Minister Andy Burnham's speech on Tuesday outlined plans to reverse Thatcher-era reforms and renationalise utilities, causing a new "moron premium" in the City. Yesterday, the rate of return on the key ten-year bond reached 5.29 per cent, a level not seen since July 2008. The rise in bond yields, the highest among G7 nations, increased the cost of government borrowing.
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