Britain’s addiction to borrowing risks debt trap
Last week another update on monthly public borrowing prompted more gnashing of teeth about whether the Chancellor will breach ...
Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’
Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’ - Borrowing has reached almost £18bn and ...
BOE’s Bailey Says Big Decisions Needed to Stop Public Debt Surge
Bank of England Governor Andrew Bailey said that “very big decisions” will be needed to stop Britain’s public debt pile ...
How much money is the UK government borrowing, and does it matter?
The government borrows money by selling financial products called bonds. A bond is a promise to pay money in the future. Most ...
Bond markets reveal growing concern over government debt
There is concern over how much longer governments can continue to finance the mountain of debt they have accumulated, which ...
UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening
UK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government’s tax and spending plans. Yields on gilts, as UK government bonds ...
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UK budget deficit soars on debt costs in setback for Reeves
DEBT interest costs pushed up UK government borrowing more than predicted last month, putting Chancellor of the Exchequer Rachel Reeves on course to overshoot official forecasts this year. Read more ...
UK’s economy grows for first time in three months - but less than expected
Gross domestic product (GDP) grew by 0.1 per cent in November, after falling in both September and October - but showed no growth in the three months to November ...
Britain’s addiction to borrowing risks us entering a debt trap
Last week another update on monthly public borrowing prompted more gnashing of teeth about whether the Chancellor will breach ...