Britain Borrowed £3.5bn Too Much. So Why Did Borrowing Get Cheaper?
UK gilt yields fell on the day Britain found out it had borrowed £3.5bn more than planned. So what is really setting the cost of UK government borrowing?
UK gilt yields fell on the day Britain found out it had borrowed £3.5bn more than planned. So what is really setting the cost of UK government borrowing?
Neil Woodford and Jon Adair look past the "Truss moment" headlines at what gilt investors are actually pricing: inflation, the oil price and the war in the Gulf. Neil revisits his April call that the Iran war was already over and says what he got wrong. They also cover why UK diesel is heading for £2 a litre, what's behind the fuel shortages in France, and what a settlement in the Gulf would mean for UK inflation, interest rates and the stock market.
UK gilt yields fell on the day Britain found out it had borrowed £3.5bn more than planned. So what is really setting the cost of UK government borrowing?
Neil Woodford and Jon Adair look past the "Truss moment" headlines at what gilt investors are actually pricing: inflation, the oil price and the war in the Gulf. Neil revisits his April call that the Iran war was already over and says what he got wrong. They also cover why UK diesel is heading for £2 a litre, what's behind the fuel shortages in France, and what a settlement in the Gulf would mean for UK inflation, interest rates and the stock market.