Category: Bonds

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likelyBusiness live – latest updatesUK government borrowing costs have risen to their highest level...

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Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rulesWill Rachel Reeves’s rules on debt and spending survive the budget?Keir Starmer’s promise to end austerity and...

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Labour urged to place trade union members on wealth fund board

Exclusive: Campaigners claim move would offset City influence over infrastructure taskforce and better share benefitsThe government is being urged to install trade union members on the board of its new £7.3bn national...

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UK government borrowing hits higher than expected £3.1bn in July

Figures come amid row between Labour and Conservatives over true state of public financesBusiness live – latest updatesStrong spending on public services and welfare pushed government borrowing to £3.1bn last month,...

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UK government borrowing hits £3.1bn with deficit higher than expected

July figures come amid row between Labour and Conservatives over true state of public financesStrong spending on public services and welfare pushed government borrowing to £3.1bn last month, more than double its level in...

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Labour landslide may boost investment and confidence in UK, say City analysts

Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and BrexitA landslide victory for Keir Starmer in the general election on Thursday could...

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Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to extra spending on benefits and weaker tax revenuesJeremy Hunt’s plans for pre-election tax cuts have received a setback after higher spending on...

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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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