fromLondon Business News | Londonlovesbusiness.com
3 days agoMarkets remain nervous about the potential for either higher taxes - London Business News | Londonlovesbusiness.com
An increase in taxes may be seen as more 'market friendly', but would be politically damaging, while an increase in borrowing would put further pressure on already elevated gilt yields. The rally in gilt yields had nothing to do with the spending review but came on the back of a lower-than-expected CPI print in the US.
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