Rachel Reeves Faces Bond Market Pressure Over UK Deficit Target of 2% by 2031
Rachel Reeves faces a dilemma: her pledge to cut the UK’s annual deficit below 2% by 2031 may clash with the very bond market vigilantes she seeks to appease, as rising borrowing costs threaten to undermine fiscal credibility. Why bond vigilantes are targeting the UK, Italy and France Bond vigilantes are traders who pursue high … Read more