‘bear steepener’ starts to stalk the chancellor

Despite legitimate concerns this does not look like a repeat of the mini-Budget crisis three years ago

“British gilts are the most undervalued financial asset on the planet,” says Ambrose-Evans Pritchard in The Telegraph. The UK ten-year gilt yields a decent 4.7%. Yet investors prefer to pile into bitc

The run up to the Budget in November has already been dominated by headlines about a “meltdown” in the bond market and a yawning “£50bn” black hole that will have to be filled by more tax increases. S

Central banks are back in easing mode, but the descent down the interest-rate mountain is proving arduous and slow. The US Federal Reserve lowered US rates by a quarter of a percentage point at this m

France’s wealthy have a “new nemesis”, says Denis Cosnard in Le Monde. Economist Gabriel Zucman’s proposal for a new wealth tax is dominating public discussion about how the country can close its gapi

Issue of the week: the Chancellor’s tax choices ...