Laith Khalaf: Bond vigilantes are Sunak's big problem

Vulnerable to bond sell-off

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Laith Khalaf: "An inflationary period should bring some offsetting benefits to the Treasury."
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Laith Khalaf: "An inflationary period should bring some offsetting benefits to the Treasury."

Laith Khalaf turns his eye to the Chancellor's borrowing needs post-Budget and the changes small increases in inflation could do to public finances

Heavily-indebted Chancellors would normally welcome a nice dose of inflation to whittle away their borrowing, but rising prices are a double-edged sword in today's climate of ultra-low interest rates....

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