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Liz Truss was forced to resign because bond yields rose, and the mainstream blamed her mini-budget. Four years and three interventionist budgets later, the UK 30-year gilt yield is at 5.9%, the highest since 1998, and the highest long-dated borrowing cost in the G7. The 10-year is above 5.2%. No one is demanding resignations. Now Burnham wants to double down. What can go wrong? Data: UK Treasury, Factset, Bloomberg. Image Perplexity Finance.