#fiscal-gap

#fiscal-gap

Rachel Reeves' November budget could trigger a talent exodus in the UK and a serious deterrent to recruitment at the very moment the country needs to be competing for the best minds. The choices the Chancellor makes will define whether Britain positions itself as a global magnet for skills or as a more difficult, less rewarding place to build a career.

Britain's borrowing costs are rising faster than any other G7 country, with long-term debt yields hitting their highest level in nearly three decades amid investor unease over Labour's economic strategy. The yield on 30-year gilts - the return investors demand for lending to the UK government - climbed to 5.64% on Monday, a level not seen since 1998. The surge followed a reshuffle of Sir Keir Starmer's senior economic team, which brought advocates of wealth taxation into the heart of Downing Street.