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UK Economist Warns Incoming Premier to Avoid Fiscal Splurge as Borrowing Costs Near Doubled Since Pandemic

2026-06-29 08:09:16

According to David Stritch, chief strategist at Caxton hedge fund, on June 29, UK government bond yields have surged significantly since the pandemic, with borrowing costs nearly doubling in just a few years while the fiscal deficit continues to widen. Stritch cautioned that large-scale fiscal stimulus or cash giveaway programs would be counterproductive, urging the incoming prime minister to avoid repeating past policy mistakes that culminated in economic instability.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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