Alex Kerr, economist at research company Capital Economics, warned that July’s undershoot in debt interest costs may not last, given recent gains in gilt yields. He predicted that Reeves would need to raise between £17bn and £27bn at the Budget.
Alex Kerr, economist at research company Capital Economics, warned that July’s undershoot in debt interest costs may not last, given recent gains in gilt yields. He predicted that Reeves would need to raise between £17bn and £27bn at the Budget.