Under Liz Truss's mercifully short-lived premiership, the yield on British government bonds surged last September a penalty described as a moron risk premium that markets imposed on her reckless plan for a tax giveaway to the rich.Now it appears that the morons are back: yields on gilts have exceeded the levels they reached last year, and are higher than at any point since the 2008 global financial crisis.
#back #prime-minister #unemployment #deliberately #interest-rates #rishi-sunak #premiership #interest-rate
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