The markets are worried about Britain spending

The cost of borrowing for the British government has soared over the past few days with the 30-year bond yield heading for 6% almost twice that of Ireland. The markets are worried that Britain is spending too much money, and they are demanding a higher premium to lend to it. Worryingly, inflation has also remained stubbornly high.  All to discuss with Andrew Sentence who used to sit on the Bank of England's interest rate setting Monetary Policy Committee.