Labour Not ‘Taking The Knife To Public Spending’ Is An Achilles Heel For Bond Markets
By Times News
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“The fiscal Achilles heel of this government and its predecessors, I should say, is an either an inability or unwillingness to take the knife to public spending.” The hesitancy from bond markets and investors stems from the government’s failure to tackle any of the big three: welfare, pensions, or health, says president of the British Chamber of Commerce, Andy Haldane. Andy Haldane was speaking to Andrew Neil on the Times At One. Listen live every Monday-Thursday from 1-2pm. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: https://www.instagram.com/thetimes/
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