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Burnham’s in hock to the bond markets – whether he likes it or not
Wednesday 02 September 2026 5:16 am | Updated: Tuesday 01 September 2026 6:01 pm
Burnham’s in hock to the bond markets – whether he likes it or not
By: Christian May
Editor in Chief
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Add as a preferred source on GoogleAndy Burnham making a statement to MPs. House of Commons/UK Parliament/PA Wire
Andy Burnham once said this country shouldn’t be in hock to the bond markets, so it was unfortunate that his much-hyped return to the House of Commons yesterday was overshadowed by the surging cost of servicing government debt.
The yield on the ten-year gilt has hit its highest level since 2008. The longer term 30 year bond yield is at a level not seen since 1998. Our........
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