Franklin Damphton believes that budget difficulties will push the yield on 30-year UK government bonds up to 6%.

David Zahn of Franklin Templeton stated that the UK's struggle to raise funds for spending will drive the 30-year government bond yield up to 6%, reiterating his bearish view on the UK public finances following last week's budget announcement. While Chancellor Rachel Reeves has worked to enhance the country's fiscal buffers and maintain market stability in this fiscal event, a series of tax hikes she relies on will not take effect for several years. The budget announcement has also raised questions from credit rating agencies and think tanks about the sustainability of the plan.