Skip to Navigation Skip to Posts Skip to Content
🇬🇧 UK gilt yields hit 2008 levels as an oil shock guts Healey's Budget room
The day in view

🇬🇧 UK gilt yields hit 2008 levels as an oil shock guts Healey's Budget room

Macro Soup Newsroom Macro Soup Newsroom 4 min read

UK 10-year gilt yields hit 5.29%, the highest since 2007-08, and 30-year yields touched 5.92% after a US-Iran flare-up pushed Brent crude above $94 a barrel. Chancellor John Healey's Budget headroom is now squeezed to an estimated £13-14bn ahead of October 28.

Thematic illustration for: 🇬🇧 UK gilt yields hit 2008 levels as an oil shock guts Healey's Budget room
Source: Grok Imagine

Read next

Featured Post The week in view

📰 Weekly Macro Roundup: 2026-11-07

3 min read
Paid Post The week in view

🇨🇳 Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares

4 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.