What does a new PM and chancellor mean for investments?

Gilts and public borrowing Government borrowing matters because it can influence gilt yields. Higher yields can increase borrowing costs across the economy and affect the value of government bonds held within investment portfolios. We're still experiencing some lingering effects of Liz Truss' brief premiership with its largely unfunded mini-budget in 2022.  Significant disruption to gilt markets followed - a reminder that Government policies can have an immediate impact on markets. Public borrowing dipped in June by £7.9bn from a year before, which gives a bit of breathing room to B...