Macro Finance
Gilts Rattled by New UK PM’s Comment on Fiscal Flexibility
Bloomberg Markets·July 20, 2026·1 min read
Gilts extended their retreat and the pound slipped after UK Prime Minister Andy Burnham said he will seek 'any flexibility' in the government's fiscal rules. The comments stoked concerns his administration will add to the nation's already-heavy debt load, rattling bond markets and weakening the currency.
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