Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvre
It is with no pleasure that I must report a depressing domestic byproduct of the war in the Middle East: headroom chat is back.
Of course, shifts in investors’ appetite for gilts – UK government bonds – are trivial, in the context of the bloodshed in Iran and beyond.
Continue reading…Rachel Reeves boasts of the £23bn she has built up against her fiscal rules but now she – or any future steward of the economy – has little space to manoeuvreIt is with no pleasure that I must report a depressing domestic byproduct of the war in the Middle East: headroom chat is back.Of course, shifts in investors’ appetite for gilts – UK government bonds – are trivial, in the context of the bloodshed in Iran and beyond. Continue reading…