L

Lord Morse (CB)

Speaking in the House of Lords on 14 January 2025

Debate

Sterling: Rise in Yields on 30-year Gilts

Contribution

My Lords, does the Minister recognise that the current rise in gilt prices, viewed alongside the market reaction to Liz Truss’s mini-Budget, shows that current market confidence in the UK can be fairly described as fragile? Does he also agree that any Government, of whatever political stripe, is likely to sow the wind and reap the whirlwind if they implement policies that ignore business confidence and stability?

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