Category: Bonds

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general electionSenior Whitehall officials fear Thames Water’s financial collapse could trigger a...

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Bank of England poised to raise UK interest rates to 5.25%

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts‘It’s a bloodbath’: UK homeowners on variable mortgagesThe Bank of England is poised...

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Fast-rising borrowing costs leave UK public finances at great risk, warns OBR

Gloomy report says failure to tackle inflation puts UK debt at unsustainable level with interest costs rising at twice pace of G7 rivalsThe UK’s public finances are in a “very risky period” after a series of...

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Five charts that will shape Jeremy Hunt’s budget

From cooling inflation to easing staff shortages, we look at the factors behind the chancellor’s spending choicesHunt to announce £4bn boost for childcare in EnglandJeremy Hunt will announce his budget on Wednesday...

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Bank of England completes sale of £19bn emergency bond purchases after mini-budget

BoE was forced to intervene in markets to prevent run on pension fundsThe Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the turmoil in financial markets that followed Liz...

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In 2022 Liz Truss tried to bin economic orthodoxy – but what is it?

Rishi Sunak soon rowed back from his predecessor’s chaotic experiment, reasserting the seven pillars of UK Treasury wisdomIt was all over for Liz Truss’s war on economic orthodoxy the moment she decided to summon...

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Pensions experts ‘shocked’ at hidden borrowing across UK schemes

MPs hear evidence of risky ‘liability driven investing’ which some blame for recent bond market meltdownPensions experts have told MPs they were “absolutely shocked” at the level of “hidden”...

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Five charts that will shape the UK’s autumn statement

Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decadesJeremy Hunt will announce plans to cut government borrowing in Thursday’s autumn statement with...

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HS2 could face review as Tories look to plug budget, says Michael Gove

Liz Truss’s investment zones also suggested as likely savings target, amid reports energy windfall tax will be extended“Everything will be reviewed” as the government considers ways to cut spending and plug a...

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