The Financial Times leads with gilt yields hitting levels not seen since last year’s mini-budget, in response to disappointing inflation data.

The yield on gilts is the interest paid by the UK government on its debt, so a rise in the yield can be read as a fall in investor confidence in the country’s economy. The paper quotes one analyst describing the market reaction to the figures as “an amber flag, if not a red flag” and predicting rates will have to rise “aggressively” in response.

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