In a letter to MPs on the Treasury Committee on Monday, Sir Jon wrote: “There has been a particular increase in volatility in UK markets” and pointed out that: “The five largest daily moves in the 30-year inflation-linked gilt, in data that dates back to 2000, have all been since the 23 September”, which was when the mini-budget was unveiled.
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Prices, as measured by inflation, are rising at a rate of 9% a year, the fastest for 40 years....
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