Britain’s debt cage
As Labour politicians fight over the keys to No 10, the gilt market sets the limits of power
As Labour politicians fight over the keys to No 10, the gilt market sets the limits of power

The UK’s debt mountain would constrain a new prime minister’s choices — and could make further tax rises more likely

Speculation over what might be in November’s Budget has left me depressed about our capacity for rational policies

Investors warn loosening fiscal rules or change of prime minister could add to pressure on UK borrowing costs

Westminster struggles to talk seriously about most topics and in particular about the economy

Gilts investors have long suspected that Labour would abandon its manifesto promises

The long roar of speculation about the Budget has already damaged market confidence