With the highest gilt yields in the G7, more borrowing is no longer an option for the next Prime Minister. That leaves the traditional options: raise taxes, cut spending or embark on more ambitious supply-side reforms in areas such as planning

The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wing

With the highest gilt yields in the G7, more borrowing is no longer an option for the next Prime Minister. That leaves the traditional options: raise taxes, cut spending or embark…

To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrows, says Guardian columnist Aditya…