This is the latest in my series of podcasts explaining how economics works in the credit crunch and now virus pandemic era. This week I give my thoughts on Is there, in your view, a tipping point — a percentage at which a country can bo longer afford its debt costs? The gap between EU and UK base rates is now significant. Is it abnormally so, by historical standards? Is it warranted?Do you think ONS are correct saying only 0.1 difference on restated CPI after car tax error? Hi Shaun, re your article on the scale of the US fiscal problem, is the CBO saying that Trump's Big Beautiful Bill will add $2.4tn to the US deficit by 2034 on the one hand, and also that his tariff hikes will reduce budget deficits by $2.5 trillion over the decade through 2035? Given your many years of experience, I am curious as to what extent you believe bond markets respond to political discourse Vs economic data/indicators?