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Check out the UK’s ten-year gilt yield this morning - after the UK's likely next Prime Minister tried to lecture international investors about the intricacies of fiscal policy and the UK's national accounts. A subject about which she clearly knows absolutely nothing.

Nice one Angela Rayner.

Financial markets are now demanding 4.9% per annum to lend money to the British government. In Morocco, it's 3.4% !!

And get this. In February 2026, the UK government a massive £14.3 billion - according to figures released this morning. No less than £13 billion of that money borrowed last month went on interest payments on existing debt.

Think about that for one second - it's utterly insane.

The UK's national accounts are now akin to a Ponzi scheme.

And yet still, lunatic MPs and potential Prime Ministers call for ever more borrowing and spending - "because it's the right thing to do"

Labour's chronic economic illiteracy and internal party-political posturing is driving the UK economy off a cliff ...

Mar 20
at
10:39 AM
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