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The Independent UK
The Independent UK
Business
Howard Mustoe

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

Budget Liz Truss Rachel Reeves United Nations OBR Ruth Gregory United Kingdom Capital Economics

Borrowing rates have risen in the aftermath of Rachel Reeves’s Budget, hitting a one-year high in the bond market and prompting strained comparisons with the mini-Budget in September two years ago which ended former prime minister Liz Truss’s political career.

But today’s move is minor by comparison. Not only that, but news has emerged which may explain some of the bond market’s fears.

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