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Lord Eatwell (Lab)

Speaking in the House of Lords on 14 January 2025

Debate

Sterling: Rise in Yields on 30-year Gilts

Contribution

My Lords, the House will be aware that this country has an outstanding Chancellor of the Exchequer at the moment. However, will the Minister enlighten me as to what influence she really has on the US treasury bill market, which has shown the same spike as in the UK, or on the market for the euro, which has fallen against the dollar to the same extent as has the pound? Is it not the case that questions from the Opposition Front Bench might have more economic relevance if they reflected some understanding of how global markets actually work?

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