LONDON, 18 November 2022 – Comment and analysis from BullionVault appears today in a report on the UK's recent political and financial turmoil from the Nikkei newspaper in Tokyo.
"If the size of the [tax cut] measures and the amount of bonds issued had been smaller, the market reaction would not have been as strong, and Truss might have continued in office," the Nikkei quotes Adrian Ash, research director at the UK-based major gold online trading company.
Citing Adrian's analysis, the 'mini budget' effectively asked private-sector investors to grow their total holdings of UK government debt by 15% in just six months, the paper goes on.
Nikkei subscribers can read the story in Japanese here:
Source:
Nikkei
