Inflation fears return as British borrowing ramps up

Chancellor of the Exchequer Rishi Sunak also pledged to raise the UK's corporate tax rate from 19-to-23% by 2023.

Thu, 04 Mar 2021

TLDR: Bond yields rose again overnight as investors took fright at Britain’s plan to increase borrowing by more than expected to pay for a six-month extension of its wage subsidy scheme. European Central Bank wavering on its money printing programme also didn’t help. Watch out for Adrian Orr speaking this morning. But there was good economic news from Australia and much better vaccine news overnight from America.Inflationistas reappear The inflation fears that hammered bond markets last week nudged back into global markets overnight...

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