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REDDIT

The Gilt Market Demands the Invoice

Politicians can say whatever they want. However, the hard math of running a country will always force them to face reality.

For a decade, the UK has operated on a cycle of high-turnover leadership and elastic fiscal rules. These rules are consistently adjusted right before they trigger a technical breach, because keeping up appearances matters. International debt buyers tolerated this framework as long as global liquidity remained cheap.

But that period of leniency has concluded.

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