Rachel Reeves is already the least popular Chancellor in modern UK history. 🥵 By Lane Clark of TPP.

Rachel Reeves is already the least popular Chancellor in modern UK history. 🥵

Not my opinion. It’s a fact….

Lower than Brown.

Lower than Osborne.

Lower than Sunak.

Even lower than the perceived worst Chancellor Kwasi Kwarteng (I liked his direction, by the way)….. 🥵

And that’s before today’s Budget.

At 12:30pm, Reeves faces the most unforgiving audience in politics:

Not voters.

Not journalists.

Not even her own MPs.

But the bond market. ⬆️

Because while you can spin headlines…

You can’t spin yields.

And this morning?

Gilts are already creeping higher.

The market is nervous.

Investors are bracing.

So the real question isn’t:

“Will the public like the Budget?”

It’s:

“Will the market believe her?” 😳

Because if the bond market doesn’t buy what Reeves is selling…

Yields will spike.

Borrowing costs will jump.

And this “new era of stability” will implode before it even begins.

Eyes on the gilt market today.

The numbers won’t lie, even if the politicians do.

2.5 hours to go..

Tick, tock..

Tick, tock….

ukbonds #ukyields #ukdebt #ukbudget #labour #tpp #ftse100