It seems that the Budget isn’t going down terribly well in the City. Ministers have been out on the airwaves, desperately insisting that Labour’s borrowing plans are fiscally credible. Yet the markets don’t appear convinced, with the cost of gilt yields spiralling. Given the need to reassure the international financiers, it looks sub-optimal then that the party’s much-vaunted business group, Labour in the City, appears to have simply given up.