内容摘要：A spokesperson for the University of Derby said they have had to respond to "well-publicised challenges facing the sector".

A spokesperson for the University of Derby said they have had to respond to "well-publicised challenges facing the sector".

"It's been a relatively dramatic couple of weeks for the gilts markets and for the pound," Nina Skero, chief executive of the Centre for Economics and Business Research, told the BBC."It's been somewhat of a worldwide phenomenon, but it seems to be particularly intense in the UK."

She pinned the UK's specific problems on a "delayed response to the very heavy tax and spend in the Budget", adding that "we're going to have to wait some months, maybe even some quarters, to see the real impact".Economists and retailers have said measures introduced in the Budget, such as the increase in employers' National Insurance contributions,However, Ms Skero added the 2022 market reaction to former Prime Minister Liz Truss' mini-Budget was still greater in terms of magnitude.

"And that situation was entirely UK-focused," she said.to read top political analysis, gain insight from across the UK and stay up to speed with the big moments.

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Inflation, interest rates and tariffs mean 2025 is shaping up to be an intriguing year for the global economy. One in which growth is expected to remain at a "stable yet underwhelming" 3.2%, according to the International Monetary Fund. So what might that mean for all of us?However, some economists have told the BBC that the government is at least partly to blame for the current sell off.

"It's been a relatively dramatic couple of weeks for the gilts markets and for the pound," Nina Skero, chief executive of the Centre for Economics and Business Research, told the BBC."It's been somewhat of a worldwide phenomenon, but it seems to be particularly intense in the UK."

She pinned the UK's specific problems on a "delayed response to the very heavy tax and spend in the Budget", adding that "we're going to have to wait some months, maybe even some quarters, to see the real impact".Economists and retailers have said measures introduced in the Budget, such as the increase in employers' National Insurance contributions,