Truss had it right – there’s only one way out of this mess

The bond markets no longer want to finance the UK ofligacy of the British state.

It is begi last autumn ok like the sell-off last year was the early stages of something far bigger and far more worrying.

Britain is increasingly becoming a poor country that acts like a rich one.

The bond markets appear to have twigged that the UK is stuck with zero growth, with sustained inflation, and has lost the will to reform itself. This week l-off in gilts last September was just the start: the British debt crisis is going to get a lot one g City in the future. last September British G7 ">last Sep UK mber one ightText__NxlGi">zeroBritain span class="summaryFeed_highLightText__NxlGi">UK EU Labour The past week LightText__NxlGi">Sunak UK ass="summaryFeed_highLightTex last September s last September mi British the 1970s highLightText__NxlGi">VAT UK ss="summaryFeed_highLightTex 10-year i">Labour 4.31pc class="summaryFee Italy hLightText__NxlGi">Labour last autumn maryFeed_highLightText__NxlGi">£17bn the Bank of England hLightText__NxlGi">Treasury Government Friday Bank aryFeed_highLightText__NxlGi">Jeremy Huntlast year an class="summaryFeed_highLightText__NxlGi">8.7pc April British _highLightText__NxlGi">100pc 2020 Britain "summaryFeed_highLightText__NxlGi">Budget Rishi Sunak LightText__NxlGi">UK Treasury