Category: Gilts

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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UK borrowing costs soar above levels of Liz Truss premiership

Stronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yieldsAnalysis: Don’t rule out half-point interest rate riseBusiness live – latest updatesUK government borrowing...

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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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OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are...

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Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage marketThe chancellor is considering extending the government’s mortgage guarantee scheme after UK bank bosses raised concerns over the...

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Rating agency Fitch downgrades UK credit outlook

Lack of independent forecasts at mini-budget and clash with Bank of England’s inflation strategy prompts cutBusiness live: new downgrade as Kwarteng holds mortgage crisis talksRating agency Fitch lowered the outlook for...

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10-year borrowing costs for UK register biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shoot up to 2.78%Fears of a long recession and the likelihood of higher public spending to cope with the cost of living crisis has sent the interest...

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10-year borrowing costs for UK set for biggest monthly rise since 1986

Heaping pressure on incoming prime minister, 10-year government bond yields shot up to 2.78%Fears of a long recession and the likelihood of higher public spending to cope with the cost of living crisis has sent the interest rate...

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