UK Borrowing Costs Surge by £7 Billion
Update: 2025-12-10
Description
New analysis reveals a seven billion pound increase in UK borrowing costs since the last election, attributed to traders doubts about the governments financial management. The IPPR finds the UK premium, or cost of borrowing, is higher than in other major economies, potentially hindering the economy for years. Rachel Reeves plans to balance spending are met with skepticism due to backloaded reductions in borrowing. The market seeks concrete actions, not just promises, to address ongoing doubts about the governments ability to reduce borrowing.
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