John Millington

The 30 year gilt yield hit a high point of 5.092% under Liz Truss. It was below 4.8% before Labour came to power. As of this evening under Burnham & Healey, the 30 year gilt yield is 5.835%. That means less money for schools & hospitals, & no respite for homeowners & renters.

Happy Birthday Mr. Martin L. Gore 🖤🎂 #MartinGore #DepecheMode #happybirthday

International creditors are alarmed that of the £132bn Labour borrowed during the fiscal year to March, a jaw-dropping £110bn went on debt interest payments – almost the same as state education spending, twice what we spend on defence. Yes, the Tories left national debt north of 90pc of GDP. But this economically naive government has made a bad situation far worse. Now, with Labour lurching further left after getting hammered in recent local elections, the markets are calling time. It’s clear Keir Starmer will soon be replaced by someone even more leftwing. All leadership rivals in the frame would crank up borrowing and spending even more than Labour already has since taking office in July 2024. Back then, the Office for Budget Responsibility was forecasting state borrowing of £323bn by the end of the fiscal year 2029. Labour’s run-away spending and growth-crushing tax rises means that same five-year borrowing forecast is now £583bn – 80pc higher. But the trade unions, MPs and Labour activists who will choose Starmer’s successor want even more. Since Labour took office, the UK’s 10-year gilt yield has risen by 1.16 percentage points (or 116 basis points), compared to 86bps in France, 79bps in Germany and just 17bps in Italy. 🧵6/7

The Number 10 spin machine is twisting arms to get Cabinet Ministers to post positive messages. It's cringe.

Never forget!! #SeneddElection #May7th

Here’s a list of world leaders (Lenin, Mussolini, Hitler, Franco, Mao, Castro, Pol Pot, Idi Amin, Saddam Hussein, Gaddafi, Khomeini, Maduro, Assad etc) who abolished jury trials and the dates they. It now includes British Labour Prime Minister Keir Starmer in 2025.