Markets tend to regard Populist Politics as a threat. They risk destabilisation, dent stability and raise questions about competency. Although Nigel Farage won the Clacton by-election, his brand is badly damaged and that puts Reform in trouble. The question is whether the traditional parties can regain electoral prominence and put in place the necessary policies to repair Broken Britain’s infrastructure and finances – and attract investment.

 The stunning success of yesterday’s 14x covered 2040 Gilt confirms the new Labour Government has a wider range of options for the October Budget. It nails the lies fictitious “Bond Vigilantes” having been pouring in the market’s ear – the fact is the global bond market has just demonstrated confidence in Sir Kier Starmer and Rachel Reeves.

The UK election is the most important in decades, but the debate on policy and the future is trapped in the minutiae of the financial orthodoxy of costed and funded policy tweaks. The malign ghost of Liz Truss and the Trusterf*ck haunts markets like a bad smell. It must be exorcised!

For the past 14 years UK Railways have been in decline – more costly, less reliable, more fraught. They are evidence of Broken Britain. The Labour Party has announced plans that amount to re-Nationalisation. They are prudent, sound and address the problems of failed railway privatisation in a reasonable manner… Can they do the same with the whole broken economy?