Bond markets could force Rachel Reeves ‘to do a secondary budget’, City investor warns

• David Zahn, head of European fixed income at Franklin Templeton, cautioned that bond yields might rise if Chancellor Rachel Reeves' fiscal plans fail to meet investor expectations, potentially necessitating a secondary budget.
• This situation underscores the delicate balance Reeves must maintain in her upcoming budget, as any misstep could lead to increased borrowing costs for the UK government, impacting public finances and economic stability.
• The looming budget discussions are set against a backdrop of warnings from political leaders about the UK's financial health, with concerns that without benefit cuts, the country could face severe fiscal challenges.

— via World Pulse Now AI Editorial System