B

Baroness Redfern (Con)

Speaking in the House of Lords on 14 January 2025

Debate

Sterling: Rise in Yields on 30-year Gilts

Contribution

My Lords, after this Government inherited the second-lowest debt in the G7, we now see business confidence ever diminishing—and the public, too, are rightly concerned. We are also witnessing gilt levels at a 30-year high. Does the Minister agree that the gilt markets are in turmoil and therefore technically not functioning in an ordinary way? Does he stand by his Chancellor, who said that there will be no further tax rises?

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