Insights

Weekly Market Commentary – 2nd October 2026

2 October 2026

This week Andy Burnham set out his priorities for the rest of this parliament and where he thinks the next election will be fought. They include ending the pensions triple lock, tackling the cost of social care and more help for first-time home buyers. Critics say his plans are light on economic growth. A cynic might say the growth plan boils down to just two points: more devolution and closer EU ties. Bond markets received the plans relatively well. UK government bond yields went on a round trip, but this mainly reflected a changing outlook for oil prices, inflation and interest rates.