UK borrowing costs storm past five per cent after Starmer warns of ‘chaos’ if ousted Politics UK government borrowing costs have stormed higher following an attempt from Prime Minister Sir Keir Starmer to shore up support after a disastrous local election result. The yield on 10-year gilts rose nearly 10 basis points to over five per cent for the second time in mere weeks. It comes after Starmer sought to defy [...]
Dollar movements spark ‘Trussonomics’ fears with worst case scenario ‘no longer unthinkable’ Economics The dollar’s worst case scenario is “no longer unthinkable,” economists have warned, as some draw parallels with the crisis in UK financial markets during the Liz Truss premiership. Alongside plummeting stocks and falling bond prices, the US currency has weakened in the wake of Trump’s erratic tariff agenda, with growing concerns that its status as [...]
Gilt yields rise ahead of Budget as Chancellor Reeves set to increase borrowing Markets Analysts suggested that the increase was largely a result of concerns that Chancellor Rachel Reeves will ramp up borrowing in the budget to fund a major investment programme.