Phillip Wickenden
- Indexed articles, last 90 days
- 2
- Latest publication
- Aug 26, 2026
- Outlet visibility, for Professionaladviser
- Top 5M sites
- Earliest in this view
- Jul 21, 2026
Latest articles
Phillip Wickenden: The Budget before the Budget (opens the original)
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By the time John Healey reaches the despatch box on 28 October, part of his first Autumn Budget will already be written. Not in Whitehall, but in basis points. That sounds rather grander than it really is. Bond investors do not get a vote on the Budget. But they do get to price it and that price will help determine how much room Healey has before he makes a single promise. The OBR's March 2026 Economic and Fiscal Outlook estimates that a sustained one percentage point rise in bank rate and gilt
The two clocks of Burnhamism: Markets on Monday, clients over a decade (opens the original)
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The most revealing market fact of Andy Burnham's first day is what finally moved it. The big repricing happened in May, when Labour's local-election collapse opened Burnham's route to No 10 and ten-year gilt yields spiked to 5.137%; much of that premium was refunded last week as markets convinced themselves Shabana Mahmood had the Treasury sewn up - still 92% on Polymarket at 2pm on Monday. The Chancellor, announced after the close, is John Healey - Brown-era Treasury minister, former housing mi
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