Ebury analyst Matthew Ryan says UK public finances are under strain and the government has little room to ease policy. With debt around 100% of GDP and among the highest borrowing costs in developed economies, any hint that a new chancellor will relax fiscal rules — even modestly — could undermine confidence and prompt another round of selling in UK assets. Analysts say the government must balance growth support with fiscal credibility; ongoing fiscal policy uncertainty may continue to weigh on

Ebury analyst Matthew Ryan says UK public finances are under strain and the government has little room to ease policy. With debt around 100% of GDP and among the highest borrowing costs in developed economies, any hint that a new chancellor will relax fiscal rules — even modestly — could undermine confidence and prompt another round of selling in UK assets. Analysts say the government must balance growth support with fiscal credibility; ongoing fiscal policy uncertainty may continue to weigh on sterling and gilts.