Pimco Says UK Government Unlikely to Change Fiscal Rules

The video discusses the impact of rising global yields on countries with fragile fiscal balances, particularly the UK. It explores the likelihood of the UK government adjusting fiscal variables to meet fiscal rules and the potential for spending cuts or tax increases. The analysis includes a look at the yield curve and market expectations for fiscal credibility in the UK.

What adjustments does the speaker expect the government to make regarding fiscal variables?

What is the anticipated impact of fiscal credibility on the markets in the UK?