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