There is no escaping the reality that it has been a gruelling week for John Healey. As he sat down with fellow finance ministers in Asheville, bond yields across the globe popped.

Chancellor John Healey is likely to roll-out "large tax hikes" at this year’s Budget due to a rout in global bond markets, economists warned.

There is no escaping the reality that it has been a gruelling week for John Healey. As he sat down with fellow finance ministers in Asheville, bond yields across the globe popped.