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ING GROEP (0RIC) Receives a Buy From Kepler Capital
The United Kingdom's bond market is experiencing severe fluctuations, raising concerns about the possible reappearance of the debt crisis nightmare from 1976.
The recent turmoil in the United Kingdom's Bonds market reminds people of the collapse of then-Prime Minister Truss's fiscal plans in 2022; however, it seems more appropriate to compare the current situation to the debt crisis of the 1970s. This is the analysis of former Bank of England rate setter Martin Weale, who stated that the Labour government may have to resort to austerity measures to appease the markets and assure investors that the government will address the UK's ever-increasing debt burden until market sentiment changes. On September 23, 2022, then-Prime Minister Truss left Downing Street. In recent days, the long-term borrowing costs in the United Kingdom have surged.
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