Yesterday the 30-year gilt hit 6 percent. Five years ago it was 1.38. That is not a small move. That is the market refusing the debt. Liz Truss asked if the Bank will bail them out again. Wrong question. The Bank does not pay it. You do. When the long end goes no bid, the Bank buys what the market will not take. It pays with new pounds. Those pounds land in your wage, your savings, and the shop. This is the eve of fiscal dominance. The Bank is being pushed to fund the government ahead of fighting inflation. Raise rates and the interest bill on a near £3 trillion debt jumps again. Hold rates and prices keep rising. Either way, the debt costs more, so they borrow more to pay the interest on the last lot. That is a debt spiral. More welfare and more net zero pour fuel on it. Labour is walking the country toward a sovereign debt crisis and calling it a plan. Andy said we had to get beyond being in hock to the bond markets. Last week he stood by it. The bond market just answered him at 6 percent.