Labour's recent budget has caused significant turbulence in the bond market, similar to the turmoil caused by Liz Truss's controversial mini-budget in 2022.
The newly appointed Chancellor, Rachel Reeves, emphasized the party's commitment to preventing a repeat of the financial chaos that impacted family finances under the previous Tory administration.
The bond market's strong reaction to Reeves's first budget, delivered on October 30th, raises concerns about the government's fiscal strategy and its potential implications for economic stability.
Investors are closely monitoring the situation as Labour seeks to establish its economic credibility in the wake of past Tory excesses.