Labour infighting puts chancellor’s budget plan to reassure bond markets at risk

Rachel Reeves told the Guardian last month that she ‘wants to bring us back in line’ with the bond yields of other countries. Photograph: Justin Tallis/Reuters

There is one narrow, perilous route by which Rachel Reeves can successfully deliver her 26 November budget, and it runs right through government bond markets.

But the current outbreak of Labour infighting – driven by a flurry of pugilistic briefings from inside No 10 – risks cutting that route off with two weeks still to go before budget day.