1 of 1
Story summary
- Arthur Laffer warned Prime Minister Andy Burnham that Britain is taxing itself into death.
- 10-year gilt yield rose to 5.294 %, the highest level since the 2008 crisis.
- Lord Jim O’Neill urged Burnham to curb welfare spending to calm markets.
- Journalist Carole Malone warned of a financial tsunami as daily interest payments hit £304 million, totalling £111 billion in 2025-2026.
