Britain’s politicians need to worry less about the bond markets – and more about the Bank of England | Daniela Gabor

A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative changeDaniela Gabor is professor of economics and macrofinance at Soas, University of LondonA spectre is haunting British politics: the bond markets.Defending Keir Starmer after the disastrous local election results earlier this month, the chancellor, Rachel Reeves, warned that a leadership contest would trigger the wrath of those investors who lend the state money b...