Borrowing hike should boost gilts

Since 17 April, the Budget has consumed miles of newsprint as every detail has been dissected and ev...

Since 17 April, the Budget has consumed miles of newsprint as every detail has been dissected and every possible implication explored. I don't pretend to have any new insight on the arguments for cutting the duty on micro-brewed real ale but what is the impact on the arguably less exciting gilt market? Whatever one's view on the rights and wrongs of Brown's measures, they do, coupled with the almost but not quite simultaneously released Wanless report on the NHS, represent ambitious plans for future public expenditure. Everything else being equal, and almost regardless of whether or...