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From Breakingviews - Breakingviews - COMMENTARY: The UK’s ‘moron premium’ predates the morons reut.rs/4xkGRM5
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Breakingviews - COMMENTARY: The UK’s ‘moron premium’ predates the morons
Britain's higher borrowing costs aren't just about political dysfunction. It's the only major economy whose central bank is actively selling bonds, and 24% of its debt is inflation-linked. The rising cost of the status quo calls for a faster shift towards short-term issuance.