英国财相哭了，债市重演2022年惊魂一幕！

Core Viewpoint - The emotional breakdown of UK Chancellor Rachel Reeves during a parliamentary session has led to significant market reactions, raising concerns about her position and the government's stability [2][3][5]. Market Reactions - UK borrowing costs surged, with the yield on 10-year government bonds rising by 22 basis points to 4.681%, marking the largest single-day sell-off since October 10, 2022 [3]. - The British pound fell over 1% against the US dollar, dropping below the 1.36 mark, which is the largest single-day decline since mid-June [3]. - The mid-cap index in the UK dropped by 1.65%, underperforming compared to European markets [5]. Political Context - Reeves faced backlash for a series of policy reversals that have created a fiscal gap in the budget plan, leading to investor unease [5]. - The government had to abandon measures that could have led to long-term savings, which has raised concerns about potential tax increases or spending cuts in the upcoming annual budget [5][6]. - Opposition leaders criticized Reeves, questioning her capability and the support she has from Prime Minister Keir Starmer, who has not explicitly backed her amidst the turmoil [6][7].