India Bans Rice Exports?, The UK Gilts Crisis, Home and Huawei
Multipolarity
The UK Debt Markets Are Getting Fragile
The UK government is preparing to sell 241 billion pounds worth of gilts in the current fiscal year and that's up about 100 billion from last year. This comes at a pretty bad time because it looks like the government is set to issue an awful lot of debt this year. The OBR projections based on basically the actually existing deficit as we see it now, which is pretty much what the projection is, doesn't take into account that there could be a recession.
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