Richard Northedge

Investment

Fifty years on, the yield gap reverses

issue 20 December 2008

Next year will be a good one for anniversaries. A century since Lloyd George’s People’s Budget, 60 years since Attlee’s devaluation, 25 since inflation swept away the ha’penny coin and £1 note. And it’s the golden jubilee of the reverse yield gap.

Yet the reverse yield gap will not be present at its own celebrations.

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