Overview

• Economist Jagjit Chadha is quoted warning that an IMF-style intervention is now “very much on the cards,” pointing to stressed public finances.
• Market pressures are elevated, with 30-year gilt yields reported above 5.5 percent, the highest since 1998.
• The national debt is reported near 100 percent of GDP and annual interest costs are said to exceed £100 billion.
• Counterarguments in The Times deem a bailout implausible, citing a 2.5 percent current account deficit within recent norms and a stronger pound since 2022.
• The Treasury described bailout warnings as unfounded, and attention is shifting to the Autumn Budget for signals on tax and spending choices.