Gilt Trip: Did UK government bonds almost blow up the financial system?
Many Happy Returns
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Is There a New UK Government?
Roman: It's almost feeling like we are in Italy. If you look at the yields that UK- Sorry to all our Italian listeners, yeah. But it's interesting that Italy, they've just voted in a populist government. And I wonder if they're going to go down a similar route now. Yeah, they'll think, oh my God, we might be the new UK. Roman: The thing to say as well is this moving guilt markets, it seems kind of technical to people but it has massive effects on the real economy. Cost of mortgages goes up, cost of borrowing for companies goes up. So it's just not good news.
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