Transcript: UK Budget blues
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This is an audio transcript of the Unhedged podcast episode: ‘UK Budget blues

**Katie Martin **The UK is building up to another Budget. They seem to come around every five minutes, and the next one is in November, but UK government bonds — gilts to their friends — are already pretty weak and it would not take too much to weaken them further still.

[MUSIC PLAYING]

We all remember the Liz Truss “mini” Budget from 2022, and the lesson was bonds matter. They can take down a government and whack up your mortgage costs in the blink of an eye.

So today on the show, we’re asking: can the chancellor, Rachel Reeves, pull this off? How? This is Unhedged, the markets and finance…

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