On Tuesday, the UK market experienced a new round of sell-off. Long-term treasury yields hit their highest level since 1998, and the pound fell sharply. Meanwhile, British Prime Minister Keir Stammer is facing increasing pressure, and efforts must be made to gain investors' trust in the government budget. As the UK's precarious fiscal situation and high inflation rate have made it the focus of market attention, UK assets have been weakening in stages more frequently recently. For British Chancellor of the Exchequer Rachel Reeves, the problem is that every market crash pushes up debt costs, further worsens the fiscal background, and puts the British economy at risk of continuing to rise in borrowing costs. Reeves plans to announce a budget before the end of the year. Currently, the Chancellor of the Exchequer is rushing to find ways to save money or increase taxes to fill the agency's estimated £35 billion budget gap while avoiding stifling economic growth. But it could be difficult at the political level — the government had to cancel the welfare reform plan because lawmakers opposed it before.

On Tuesday, the UK market experienced a new round of sell-off. Long-term treasury yields hit their highest level since 1998, and the pound fell sharply. Meanwhile, British Prime Minister Keir Stammer is facing increasing pressure, and efforts must be made to gain investors' trust in the government budget. As the UK's precarious fiscal situation and high inflation rate have made it the focus of market attention, UK assets have been weakening in stages more frequently recently. For British Chancellor of the Exchequer Rachel Reeves, the problem is that every market crash pushes up debt costs, further worsens the fiscal background, and puts the British economy at risk of continuing to rise in borrowing costs. Reeves plans to announce a budget before the end of the year. Currently, the Chancellor of the Exchequer is rushing to find ways to save money or increase taxes to fill the agency's estimated £35 billion budget gap while avoiding stifling economic growth. But it could be difficult at the political level — the government had to cancel the welfare reform plan because lawmakers opposed it before.