Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with the International Monetary Fund on the impact of the rising cost of bond yields.

The government does not comment on specific market moves.

As the Governor of the Bank of England recently noted, the underlying driver of recent moves in yield curves is global. This means it is more important than ever to have fiscal rules that provide stability.

Sound public finances are essential to economic and financial stability, and delivering economic growth. That is why at the Budget we will continue to meet this government’s non-negotiable fiscal rules, building on the decisions we took at Autumn Budget 2024 and Spring Statement 2025.

This is the responsible choice – to live within our means, reduce our levels of borrowing in the years ahead and support the Bank of England to get inflation down, so we can deliver on the priorities of working people and spend less on servicing debt.