Some say the bond rout is global as if that makes it less serious. But they need to explain why Britain has the highest 10Y bond yields of the major developed economies tracked by Trading Economics. Higher than Greece & Italy FFS; we're looking like a basket case economy.
Andy Burnham: "and then Brexit compounded the damage, ushering in a decade of low growth..."
Reality: the major shocks since 2016 have been Covid and the energy crisis, which explain why peers like Germany have also struggled.
UK and EU gas prices currently more than 8X US prices. Tell me again how more domestic production won't displace expensive LNG imports and reduce prices.
Spot on by @KathrynPorter26
Carbon taxes are killing our refineries and making us more exposed more vulnerable to higher costs
Only way to deal with it is by scrapping Net Stupid Zero
