Bonus: How will Scott Bessent and the bond markets affect your tax and pension?

How will US Treasury Secretary Scott Bessent and global bond markets impact UK borrowing, John Healey’s UK Budget, and the wider UK economy? Rising inflation rates, soaring government debt, and higher borrowing costs are likely to effect UK tax and pensions. But can politicians intervene without making things worse?

The US Treasury intends to double its buyback operations of government bonds to control yields. But how far can Scott Bessent go before investors lose faith?

In this episode of The Business, Dominic O’Connell brings you essential market analysis with The Times economics editor, Mehreen Khan, and Chris Jeffery, Head of Macro Strategy at Legal & General Investment Management. They unpack how spiralling UK borrowing costs affect everything from mortgage rates to pension values, delivering the definitive financial news breakdown.

If you enjoyed this episode, make sure to press follow at the top of your podcast app.

Guests:

Chris Jeffery, head of macro strategy, Legal & General Investment Management
Mehreen Khan, economics editor, The Times

Presenter:

Dominic O'Connell. business correspondent, Times Radio

Producer: Hope Federico

Executive Producers: Miriam Hall and Emily Leahy

Video Producer: Bronwen Latham

Image: Getty

Get in touch: thebusiness@thetimes.com

This podcast was brought to you thanks to subscribers of The Times and The Sunday Times. To enjoy unlimited digital access to all our journalism subscribe here.

Hosted on Acast. See acast.com/privacy for more information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1942)

Amy Winehouse: the lost interview - The Sunday Story

The month marks the 20th anniversary of Amy Winehouse’s multi-platinum album Back to Black. Just after the album was released and Amy’s fame was beginning to skyrocket, journalist Ariel Leve met the y...

11 Loka 30min

Should we feel sorry for nepo babies? - The Saturday Story

They’re actors, rock stars, models — and the offspring of very famous parents. Some see this as joining in on the family business. Others see it as an unfair advantage. But is the backlash against the...

10 Loka 14min

Is Russia covering up a plague outbreak?

In Siberia last week, a Russian researcher working at an institute specialising in dangerous infectious diseases is believed to have died of unexplained pneumonia. Local media suggested it was pneumon...

9 Loka 31min

The student protests putting Macron’s legacy at risk

The student protests that have rocked France for weeks reached a crescendo this week, when more than 250,000 teenagers, parents, teachers and union leaders took to the streets to voice their anger ove...

8 Loka 30min

Bonus: Kemi Badenoch bets the house on the economy

Kemi Badenoch's attack on Reform UK was all about character and her attack on Labour was all about economics. In her speech at the Conservative Party conference in Birmingham, she said she would to sc...

7 Loka 32min

The battle for the left in the heart of London

Tomorrow sees the Greens and Labour battle it out for control of Holborn and St. Pancras, following Keir Starmer’s resignation as the constituency’s MP last month. The stakes are particularly high for...

7 Loka 32min

Is Spain’s PM next for eviction?

Spain’s prime minister Pedro Sánchez has called a snap election, after losing a key vote on his housing reforms. Protests have been rocking the country since an 87-year-old woman was evicted on a stre...

6 Loka 25min

The UK’s overprescription epidemic

A Sunday Times investigation has found England is in an overprescribing epidemic. Adverse reactions to cocktails of medicines are sending a thousand older people to A&E every day, potentially causing ...

5 Loka 30min