Global Bond Sell-Off Puts UK Budget Under Pressure

A deepening global bond sell-off is raising borrowing-cost concerns in Britain and the US, even as emerging markets outperform developed peers. Senior Labour figures are uneasy about Chancellor John Healey’s first budget this month, with the Guardian reporting that the sell-off is increasing the cost of government borrowing and energy costs adding to the pressure.

Watch List

• UK budget: Labour insiders fear a lack of clarity could trigger a fresh market shock,...