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War in the Middle East has more starkly exposed, rather than caused, Britain’s fiscal fragility.
The UK’s 30-year gilt yield was 4.99pc when Trump first struck against Iran – and over the last month has soared to 5.55pc.
That’s a rise of 56 bps, far more than any other G7 nation, from a level that was already uniquely high.
My latest weekly “Economic Agenda” column in The Telegraph
Apr 5
at
12:29 PM