UK gilt yields climb as Spring Statement 2026 offers no fiscal relief amid Iran energy shock
UK government borrowing costs rose following Chancellor Rachel Reeves' cautious Spring Statement 2026, which provided no new fiscal headroom despite falling inflation. The Iran conflict has pushed oil and gas prices higher, threatening to reignite inflation pressures and constraining the Bank of England's ability to cut rates. European bond markets face spillover risks as energy-dependent economies confront similar fiscal trade-offs.
ViaNews Editorial Team (Europe)•