UK Morning Brief: Bond Market Alarm, Bank Tax Threat, and Autonomous Taxis Hit London

Gilt yields hit 16-year highs as investors dump UK bonds, threatening the October budget. Banks brace for a windfall tax raid by Chancellor Healey, while Uber launches driverless cabs on London's complex streets. Meanwhile, the Dutch central bank moves 86 tonnes of gold to London, citing geopolitical unrest.

The Full Picture

Gilt Yields Surge to 16-Year Highs, Squeezing Budget Plans

• 10-year gilt yields hit 5.29%, the highest since 2008, as global bond sell-off...