Markets are calm in light of the Prime Minister's resignation and government borrowing stays high

Podcast: Walker Crips' Market Commentary · Walker Crips Investment Management Limited

Opublikowano: 2026-06-23

Last week, Bank of England Governor Andrew Bailey defended the recent gilt sales programme, arguing that it remains broadly neutral for everyday taxpayers. While the Iran war threatens widespread price increases, the Monetary Policy Committee chose to hold interest rates. Soaring energy costs have fuelled worries about rapid deindustrialisation risks, which currently offshore roughly 25% of domestic manufacturing. Consequently, officials are likely to maintain a cautious holding stance as economic momentum steadies, preferring to monitor inflation, which is nearing 2.8%, rather than reacting solely to temporary energy spikes. Meanwhile, domestic retail sales broke a negative spell, securing growth for the first...