Higher Gilt Yields and Rate-Rise Bets Weigh on UK Fiscal Headroom
UBS Global Wealth Management’s Anna Titareva says rising UK government bond yields and expectations for Bank of England rate increases are the biggest drags on fiscal headroom ahead of Wednesday’s budget. She says they could potentially wipe out half of it.
The rise in U.K. government bond yields and expectations for Bank of England interest-rate increases are the biggest drags on the U.K.'s fiscal headroom ahead of Wednesday's budget, UBS Global Wealth Management's Anna Titareva says in a webinar. "We think that this could potentially wipe out half o…