David Zahn of Franklin Templeton said that Britain's difficulties in financing expenses will push the 30-year Treasury yield to 6%, reaffirming his bearish views on the UK's public finance after the announcement of the budget last week. Although Chancellor of the Exchequer Rachel Reeves made every effort to strengthen the country's fiscal buffer capacity and basically maintain market stability during this fiscal incident, the series of tax increases she relied on would take years to take effect. The budget also raised questions about the sustainability of the plan from rating agencies and think tanks.

David Zahn of Franklin Templeton said that Britain's difficulties in financing expenses will push the 30-year Treasury yield to 6%, reaffirming his bearish views on the UK's public finance after the announcement of the budget last week. Although Chancellor of the Exchequer Rachel Reeves made every effort to strengthen the country's fiscal buffer capacity and basically maintain market stability during this fiscal incident, the series of tax increases she relied on would take years to take effect. The budget also raised questions about the sustainability of the plan from rating agencies and think tanks.