Gilt Yields Climb for Fifth Consecutive Day as Reeves Jets to China

Nandy was speaking to the bond traders this morning when she brought up the Winter Fuel Allowance cut – unprompted – to try to prove Labour was serious about controlling spending. She said on the Today Programme:

“We’re not going to borrow for day-to-day spending… the last few times that I’ve been on your programme… we’ve been talking about the winter fuel allowance, we ‘ve been talking about the difficult decisions that we’ve had to make in order to make sure that we stabilise the economy.”