- The UK budget is presented today, with gilt yields still historically high.
- Chancellor John Healey has about half the headroom his predecessor had, due to the war in Iran pushing up borrowing costs.
- The budget must be carefully costed, with the source warning of the risk of repeating past energy-bill support after an international conflict.
Quotes
“Chancellor John Healey has about half the headroom his predecessor had to work with thanks to the war in Iran pushing up borrowing costs.”