Pound falls to lowest in over a year after UK borrowing costs rise
The pound has fallen to its lowest level in over a year, while UK borrowing costs hit their highest for 16 years. Economists have warned that the rising costs could lead to further tax increases or spending cuts as the government tries to meet its self-imposed rule not to borrow to fund day-to-day spending.
Tax rise warning after Pound's fall and borrowing costs soar as Rachel Reeves criticised for China trip
Sir John Gieve, former Deputy Governor at the Bank of England, said the Chancellor may have to hike taxes or impose some ‘very severe reductions and squeezes’ on public services
Live Q&A: Why UK Borrowing Costs Are Soaring and What’s Next
UK borrowing costs have surged in recent days, with 30-year inflation-linked rates hitting 2% for the first time since the Truss-era crisis in 2022. Bloomberg's Rachel Evans, Tom Rees and James Hirai will discuss these moves and their impact on markets,
Mortgages 'to rise' after Pound hits year low and borrowing costs soar in treble blow to Rachel Reeves
The Pound has tumbled to its lowest level against the US dollar for over a year as government borrowing costs surged sparking warnings that mortgage rates will also rise. Sterling weakened again on Thursday morning amid a deepening rout in UK government bonds,
Pound Hits Lowest Level in Over a Year Amid Rising UK Borrowing Costs
The pound has fallen to its lowest level in over a year, as UK borrowing costs surge to their highest in 16 years, fueling concerns over public finances and the economy.
Pound slumps as government borrowing costs highest since 2008
The value of the pound slid to its lowest level for nine months after government borrowing costs surged further. It comes during a continued sell-off in the bond market amid investor concerns over the threat of stagflation and a fresh barrage of bond sales.
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