UK Economy Under Siege: US Bond Jitters, Frozen Jobs, Falling Prices and a Looming Budget Reckoning

A US Treasury auction sent shockwaves across the Atlantic on Thursday, with investors demanding yields of 5.22 per cent on $25bn of 30-year bonds — the highest since August 2001. City analysts are now warning the UK could face a recession an "order of magnitude" greater than recent financial crises if America's borrowing costs keep climbing. The US debt pile has swelled to a record $40 trillion, roughly double levels from a decade ago, and Trump's tax cuts —...