Bonus In the City: Why Are UK Assets Spiraling Now?

Phil Aldrick, a senior reporter for Bloomberg covering the UK economy, delves into the recent turmoil plaguing UK assets. He discusses the plummeting pound and soaring gilt yields, attributing these issues to waning investor confidence in government financial strategies. Aldrick explains the challenges of rising borrowing costs and their implications for public services. He also draws parallels with historical crises, emphasizing the need to restore trust in the markets amidst political uncertainties and tight fiscal constraints.