Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the reasons for 30 year gilts reaching 6% as of 1 October 2026.

As is long-standing convention, the government does not comment on specific financial market movements. Gilt yields are determined by a wide range of international and domestic factors.

The Chancellor has been clear that that fiscal credibility is his first priority, and he and the Prime Minister are committed to meeting the fiscal rules with a buffer against uncertainty, controlling borrowing to bear down on inflation, and reducing long term pressures on our public finances.