This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on. How worried should we be by the news of US regional bank loan write-offs/fraud? With gilt yields easing, will it affect the OBR forecast and as a result allow RR to go easy with her tax raid? Is there not a danger that the bond markets will then force yields up if she doesn't appear to have tackled the deteriorating UK fiscal position?
