JPMorgan Chase & Co Asset Management said in a report that the UK is in a difficult situation because of rising borrowing costs and market doubts about the credibility of government policies. The current situation in the UK also shows that markets are reluctant to fund fiscal policies that are not financially viable. Repricing in the interest rate market, and the resulting rise in debt financing costs, could force the government to balance its books. Taking these factors into account, volatility is expected to remain high for the foreseeable future.