@ChrisMayLA6

There is also a timing issue - pointed out in the #ftweekend . It is at least plausible that #uk share prices will decline sharply in the near future as the #AI bubble bursts. It would make far more sense to encourage #nationalsavings and even bring back the ability to purchase #gilts over a #postoffice counter. However nobody will be lobbying for any of that!

@ChrisMayLA6

The irony is that a return to defined benefit schemes would ease the #uk government's supposed funding problem by increasing demand for lower risk assets such as #gilts ! Odd that #torstenbell cannot see this!

@ChrisMayLA6

The #ft also points out elsewhere that the rally was driven by big players who saw an opportunity for a bargain. Which suggests to me - at any rate - that confidence may be rather less fragile than various commentators and interested parties suggest. #uk #gilts may well be seen as less risky than #ustreasuries in current circumstances. It may just be enough for the #uk to build in a bit more headroom/resilience into its projections to avoid 'bear raids' on #gilts .