<p><strong>David Redshaw </strong>responds to a letter on the bond markets and economic pressures afflicting the UK</p><p>Neil Kinnock’s timely letter (<a href="https://www.theguardian.com/business/2026/sep/09/the-global-causes-of-uk-bond-market-blues">9 September</a>) reminds us that we are not alone in suffering high gilt yields and borrowing costs. We are still feeling the fallout from Covid, and it needs mentioning that our national debt is similar to America’s and much less than Japan’s, an