Analysis: Bond Vigilantes Mean Business, Governments Better Beware

LONDON, Oct 17 (Reuters) – The sight of Britain’s new finance minister smashing up his chief’s economic policies on Monday illustrated something starkly clear – the bond market vigilantes are back, they’re bold and governments had better stop. pay attention to it. It took only three weeks for the markets to force the United Kingdom, … Read more

Business Minister: UK budget not to blame for market chaos

LONDON, Oct 12 (Reuters) – Britain’s business secretary Jacob Rees-Mogg said on Wednesday the government’s “mini-budget” was not to blame for the turmoil in bond markets, the IMF accused of anti-British bias and questioned authorities over data showing the economy has contracted. His comments drew criticism at a time when the newly formed Conservative government … Read more