​UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge – Tyler Durden

UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge Ahead of today’s UK budget announcement, much of its content had already been leaked including the biggest novelty item: redefining the concept of debt, to allow the UK – which already exceeds the 90% debt-to-GDP threshold that Reinhart and Rogoff estimated to be the point at which the Keynesian multiplier falls below one and which means that for every extra dollar that the government spends GDP increases by less than one dollar – to borrow an additional $90 billion in debt, a gimmick which only a…  — Continue at ZeroHedge News : Read More