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The Financial Secretary to the Treasury (Lord Livermore) (Lab)

Speaking in the House of Lords on 14 January 2025

Debate

Sterling: Rise in Yields on 30-year Gilts

Contribution

My Lords, the Government do not comment on specific financial market movements. Gilt yields are determined by a wide range of international and domestic factors and it is normal for the price and yields of gilts to vary when there are wider movements in global financial markets. The Government are committed to economic stability and sound public finances. Meeting the fiscal rules is non-negotiable and growth is our number one mission.

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