Investors have just handed John Healey the most expensive lesson in fiscal credibility any Chancellor has received since Britain started keeping proper records. On Tuesday, the Treasury was forced to pay 5.82 per cent to borrow £4.25 billion over 30 years, the highest rate demanded of the UK government since the Debt Management Office was … Continue reading Markets Deliver Their Verdict on Healey’s Fiscal Credibility as Britain Pays Highest Borrowing Rate Since 1998