Rathbones Cut Gilt Exposure in Case Burnham ‘Does a Truss’
Bloomberg 2026-07-14 07:47:47
Context: Rathbones Asset Management has reduced its exposure to UK government bonds due to concerns that Andy Burnham may increase spending and borrowing, potentially leading to a selloff. This move appears to be a precautionary measure, drawing parallels with the economic policies of former UK Prime Minister Liz Truss. The decision reflects Rathbones' efforts to manage risk in response to possible future economic shifts.
Key Facts
- Rathbones Asset Management has reduced its holdings of UK government bonds, also known as gilts, in anticipation of potential economic policy changes.