Former British Prime Minister Taras: The collapse of bonds could force the government to cut spending urgently

On 2 September, according to CoinDesk, former British Prime Minister Liz Truss stated that the sharp rise in the global rate of return on public debt was due to “high levels of debt and currency depreciation”, one of the most risky major economies. She stated that the British Central Bank, through quantitative easing, “printing, diluting” the currency, had led to a rise in British borrowing costs in the major developed economies, with a 10-year rate of return on national debt of about 5.2 per cent, approaching 6 per cent in 30 years. Truss stated that without accelerated economic growth and expenditure control through supply-side reforms, the United Kingdom might be forced to implement “compulsory emergency spending cuts”. At the same time, the return on the 10-year national debt of the United States fell by 4.8 per cent again, with gold and bitcoin falling from the top after the previous surge。