Investor concerns grow as UK borrowing costs increase due to Rachel Reeves’ spending proposals

Investor concerns grow as UK borrowing costs increase due to Rachel Reeves’ spending proposals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK borrowing costs rose on Wednesday, reversing an initially positive reaction to the Labour government’s Budget, as investors were surprised by the level of additional borrowing needed to fund Rachel Reeves’ plans. The 10-year gilt … Read more

Government borrowing continues to be at its highest level since the start of the pandemic | Business News

Government borrowing continues to be at its highest level since the start of the pandemic | Business News

Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show. Last month had the third highest September borrowing on record, coming only behind 2020 and 2021, according to data from the Office for National Statistics (ONS). While more money came in … Read more