The UK Is Struggling to Shake Off the Bond Vigilantes
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I’m Craig Stirling, a senior editor in Frankfurt. Today we’re looking at how the UK faces more financial-market scrutiny than its peers on public finances. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
“High levels of public debt are a significant vulnerability that governments can no longer ignore,” was what Bank for International Settlements chief Agustin Carstens warned in his final speech in June. That echoed a cacophony of alarm bells from global monetary officials over the past months and years.