Government borrowing costs keep rising as pound sinks to lowest level in over a year
5 days, 20 hours ago

Government borrowing costs keep rising as pound sinks to lowest level in over a year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound has tumbled to its lowest level against the US dollar for over a year as government borrowing costs surged further, heaping yet more pressure on Labour over its fiscal plans. Sterling weakened again on Thursday morning amid a deepening rout in UK government bonds – also known as gilts – with the pound falling nearly 1 per cent to just under $1.23 US dollars – its lowest level since November 2023. Economists have warned Chancellor Rachel Reeves could be forced into further tax hikes or cuts to spending plans to meet UK fiscal rules after the jump in government borrowing costs. “However, the rhetoric from the Labour government is one reason we are in this mess in the first place, and there are no guarantees that Reeves will be able to calm the market.” The rise in government borrowing costs poses a challenge for Ms Reeves, putting pressure on the Treasury’s ability to increase public spending amid the prospect of higher interest costs.

Costs Spending Fiscal Borrowing Government Bonds Spending Plans Government Borrowing Government Borrowing Costs  meet  borrowing  fiscal  reeves  bonds  spending  rise  chancellor  lowest  pound  expected  sign  rising  costs  level  sinks

History of this topic

Markets ‘orderly’ despite soaring borrowing costs, says Treasury minister
5 days, 14 hours ago

Markets ‘orderly’ despite soaring borrowing costs, says Treasury minister

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Treasury Minister Darren Jones said that the Government’s fiscal …

Reeves may need to cut spending after jump in borrowing costs, say economists
6 days, 13 hours ago

Reeves may need to cut spending after jump in borrowing costs, say economists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The rise in government borrowing costs poses a challenge …

Is Britain’s future burning as bright as Rachel Reeves says it is?
6 days, 13 hours ago

Is Britain’s future burning as bright as Rachel Reeves says it is?

The Independent  

Preparing for her appearance at the World Economic Forum in Davos in a couple of weeks, the chancellor declares herself confident that Britain’s economic future is “burning bright”: “I am on a mission to win round the world’s investors.” Fair enough, but even Rachel Reeves herself might concede that 2025 is going to be another tough year for the public …

Labour's borrowing costs surge 'worse than Liz Truss chaos': Rachel Reeves faces spending crisis after interest rates hit 27-year high on fears of 'Stagflation'
6 days, 20 hours ago

Labour's borrowing costs surge 'worse than Liz Truss chaos': Rachel Reeves faces spending crisis after interest rates hit 27-year high on fears of 'Stagflation'

Daily Mail  

Rachel Reeves has been warned that the spike in UK borrowing costs is worse than the crisis that ended Liz Truss's premiership. The interest rate on 30-year gilts - the government's long-term financing vehicle - approached 5.25 per cent yesterday, the highest level for 27 years. Rachel Reeves has been warned that the spike in UK borrowing costs is worse …

UK economy faces threat of ‘stagflation’ after bumpy 2024
2 weeks ago

UK economy faces threat of ‘stagflation’ after bumpy 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the economy stalling, the watchword for 2025 is …

Reeves warns ministers of cuts as ‘every pound’ of government spending to face review
1 month ago

Reeves warns ministers of cuts as ‘every pound’ of government spending to face review

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cabinet ministers have been warned they must find more savings in …

Rachel Reeves warns ministers of cuts as ‘every pound’ of government spending to face review
Trending News
1 month ago

Rachel Reeves warns ministers of cuts as ‘every pound’ of government spending to face review

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has warned cabinet ministers that “every pound” of government …

UK interest rates to fall more slowly than expected after Budget – OECD
1 month, 1 week ago

UK interest rates to fall more slowly than expected after Budget – OECD

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates will fall …

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget
1 month, 1 week ago

UK interest rates ‘to fall more slowly’ after tax rises and spending hikes in Rachel Reeves’ Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates will fall more slowly than expected following the …

Why Britain’s inflation nightmare may not be over
2 months, 1 week ago

Why Britain’s inflation nightmare may not be over

The Telegraph  

Rachel Reeves’s record tax-raising Budget will be bad news for homeowners with mortgages, according to the Bank of England. Threadneedle Street has warned that interest rates are expected to fall more slowly because of Reeves’s inflationary Budget, keeping mortgage repayments higher for longer. Rising costs for employers and a big rise in government spending means inflation will now take a …

UK debt woe as borrowing costs surge again amid fresh market jitters
2 months, 1 week ago

UK debt woe as borrowing costs surge again amid fresh market jitters

Daily Mail  

UK borrowing costs hit a post-Budget peak yesterday Yields on ten-year UK bonds – known as gilts – surpassed levels seen last week to reach a new one-year high of 4.541 per cent. Debt shock: Yields on ten-year UK bonds – known as gilts – surpassed levels seen last week to reach a new one-year high of 4.541% That has …

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom
2 months, 1 week ago

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom

Live Mint  

The increase in UK borrowing costs since last week’s budget has wiped out all of Chancellor of the Exchequer Rachel Reeves’ headroom against her main fiscal rule, raising the prospect of further tax rises or spending cuts unless the debt picture changes. Tom Josephs, a senior member of the UK’s fiscal watchdog, told lawmakers Tuesday that a 0.3 percentage point …

OBR watchdog warns costs of government projects could SOAR after Rachel Reeves' tore up fiscal rules to rush through extraordinary spending splurge
2 months, 1 week ago

OBR watchdog warns costs of government projects could SOAR after Rachel Reeves' tore up fiscal rules to rush through extraordinary spending splurge

Daily Mail  

The bill for government projects could soar after Rachel Reeves tore up fiscal rules to rush through a spending splurge. OBR chair Richard Hughes told MPs that the Chancellor's decisions would put pressure on the labour market and drive higher inflation. OBR chair Richard Hughes told MPs that the Chancellor's decisions would put pressure on the labour market and drive …

Financial market worries over the UK budget appear to ease
2 months, 1 week ago

Financial market worries over the UK budget appear to ease

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

S&P and Moody’s warn of fresh constraints to public finances after Budget
2 months, 1 week ago

S&P and Moody’s warn of fresh constraints to public finances after Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ratings agencies S&P and Moody’s …

Chancellor seeks to calm markets amid jitters after Budget borrowing spree
2 months, 1 week ago

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves is seeking …

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
2 months, 2 weeks ago

Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s

The Telegraph  

Britain faces years of “muted” growth and higher borrowing costs after Rachel Reeves’ maiden Budget, Moody’s has warned. Moody’s also warned that higher spending on infrastructure would only boost growth if ministers successfully tackled issues that have dogged the UK economy for years, such as the worklessness crisis and long planning delays. “We expect growth in our baseline to remain …

Government borrowing costs rise further after Budget
2 months, 2 weeks ago

Government borrowing costs rise further after Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Government borrowing costs leapt higher …

Borrowing costs surge as markets turn on Reeves
2 months, 2 weeks ago

Borrowing costs surge as markets turn on Reeves

The Telegraph  

The lurch upwards pushed the gap between British and German borrowing costs to their widest since the wake of the Liz Truss mini-Budget, reflecting the extra premium on UK debt. The Chancellor scrambled to calm investor nerves on Thursday, insisting that the “number one commitment” of the Labour Government was “economic and fiscal stability”. However, Megum Muhic, of RBC Capital …

Reeves' sniffle makes the bond markets shiver, says PATRICK TOOHER
2 months, 2 weeks ago

Reeves' sniffle makes the bond markets shiver, says PATRICK TOOHER

Daily Mail  

Rachel Reeves clearly loves her new borrowing rules. Bending the rules: The Chancellor has ditched the old way of measuring the parlous state of the public finances so that she can borrow more to fund a spending spree But no amount of magic wand-waving and crystal-ball gazing can hide the fact the national debt remains on an ‘unsustainable’ course. Even …

Investors brace for £300bn borrowing binge in Rachel Reeves' Budget
2 months, 2 weeks ago

Investors brace for £300bn borrowing binge in Rachel Reeves' Budget

Daily Mail  

Government borrowing costs have hit their highest level since Labour came to power as global investors brace for the Chancellor to unleash a £300billion borrowing binge. The rate has surged from 3.75 per cent in mid-September amid concern on the bond markets about the Chancellor's borrowing plans and her decision to significantly loosen debt rules. Investors are braced for the …

Ailbhe Rea: The Night Before the Budget
2 months, 2 weeks ago

Ailbhe Rea: The Night Before the Budget

Bloomberg  

Rachel Reeves will deliver her budget tomorrow — the first by a Labour government in 14 years, the first in history by a female chancellor, and set to be one of the UK’s biggest ever tax-raising events. As Philip Aldrick writes today in his essential briefing on everything to look for, Reeves has given herself “the seemingly contradictory tasks of …

Reeves confirms change to debt rule and warns of higher taxes as Budget looms
2 months, 3 weeks ago

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That will make space for increased investment in the …

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget
2 months, 3 weeks ago

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Reeves’s Budget to keep interest rates higher for longer, say economists
2 months, 3 weeks ago

Reeves’s Budget to keep interest rates higher for longer, say economists

The Telegraph  

Rachel Reeves’s plans for increased borrowing and spending will force the Bank of England to hold interest rates higher for longer, leading economists have said. Pantheon Macroeconomics said that rates would be 0.25 to 0.5pc percentage points higher during the next financial year as a result of the Chancellor’s looser fiscal policy. Economists Robert Wood and Elliott Jordan-Doak said: “The …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
2 months, 4 weeks ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises
2 months, 4 weeks ago

Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Responding to the inflation data, chief Treasury secretary Darren Jones …

I was Rachel Reeves’s boss at the Bank of England – here’s what she should do now
2 months, 4 weeks ago

I was Rachel Reeves’s boss at the Bank of England – here’s what she should do now

The Independent  

Dear Rachel, I know from your time at the Bank of England that you will not be daunted by the formidable challenges facing you as chancellor. There is only one sensible definition of fiscal sustainability – the structure of tax rates will generate sufficient revenue to allow the ratio of debt to national income to fall slowly but steadily in …

Tax rises inevitable as Budget black hole set to persist, says think tank
3 months ago

Tax rises inevitable as Budget black hole set to persist, says think tank

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Most of the £22 billion budget gap identified by the …

Rachel Reeves’s potential borrowing plan risks repeat of Truss mini-Budget meltdown, warns financial expert
3 months ago

Rachel Reeves’s potential borrowing plan risks repeat of Truss mini-Budget meltdown, warns financial expert

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The response recalls the shockwaves from Truss’s controversial fiscal plan …

Britain’s borrowing costs nearly double Germany’s as investors brace for Budget
3 months, 1 week ago

Britain’s borrowing costs nearly double Germany’s as investors brace for Budget

The Telegraph  

Rachel Reeves, the Chancellor, has promised to take “difficult decisions” in her upcoming Budget to limit ever-increasing debts. Downing Street on Tuesday dismissed suggestions that changes to the fiscal rules could trigger a bond market meltdown similar to the one seen after the mini-Budget in 2022. “That includes moving the current Budget into balance, it includes debt falling as a …

Rachel Reeves warned potential £50bn spend could cause interest rates to surge
3 months, 1 week ago

Rachel Reeves warned potential £50bn spend could cause interest rates to surge

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But the Treasury paper warns a “fiscal loosening” of just …

For her next trick... how the Chancellor could make debt seem to disappear - as millions brace for a painful October Budget
3 months, 2 weeks ago

For her next trick... how the Chancellor could make debt seem to disappear - as millions brace for a painful October Budget

Daily Mail  

Gordon Brown bent them. Now Rachel Reeves is set to follow the example of previous Chancellors by changing the so-called 'fiscal rules' – the Government's self-imposed limits on debt and borrowing. Rachel Reeves is set to follow the example of previous Chancellors by changing the so-called 'fiscal rules' – the Government's self-imposed limits on debt and borrowing As things stand, …

Reeves ‘risks jump in interest rates’ by rewriting debt rules
3 months, 2 weeks ago

Reeves ‘risks jump in interest rates’ by rewriting debt rules

The Telegraph  

Rachel Reeves’s “opportunistic” attempt to rewrite Britain’s fiscal rules ahead of the Budget risks causing a surge in interest rates, a leading think tank has warned. The Institute of Fiscal Studies said any move to alter the Chancellor’s self-imposed fiscal rules “would not be without risks”, which comes ahead of her maiden Budget in October. However, the IFS warned that …

Rachel Reeves 'will rewrite fiscal rules in Budget so government can borrow another £30BILLION for projects' - despite debt pile already being at an 80-year high
3 months, 3 weeks ago

Rachel Reeves 'will rewrite fiscal rules in Budget so government can borrow another £30BILLION for projects' - despite debt pile already being at an 80-year high

Daily Mail  

Speculation is mounting that Rachel Reeves will overhaul fiscal rules in the Budget so the government can pump up borrowing. However, any such move would raise concerns after government borrowing hit 100 per cent of GDP for the first time since 1961. Speculation is mounting that Rachel Reeves will overhaul fiscal rules in the Budget so the government can pump …

Rachel Reeves is about to embark upon a massive debt binge
3 months, 3 weeks ago

Rachel Reeves is about to embark upon a massive debt binge

The Telegraph  

This is important because the Treasury uses this metric – known as the “cash requirement” – as the basis for the remit it gives the Debt Management Office, which is responsible for issuing all the bonds needed to service those needs. The issuing of gilts, as British government bonds are known, has soared since the pandemic, and is likely to …

Borrowing surges to higher than forecast £3.1bn in July in blow to Rachel Reeves
4 months, 3 weeks ago

Borrowing surges to higher than forecast £3.1bn in July in blow to Rachel Reeves

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Rachel Reeves is planning to raise taxes and cut spending in …

Bank of England interest rate cut joy for mortgage holders as Rachel Reeves blames mini-Budget for inflation - UK politics live
5 months, 1 week ago

Bank of England interest rate cut joy for mortgage holders as Rachel Reeves blames mini-Budget for inflation - UK politics live

The Independent  

✕ Close Rachel Reeves admits taxes will rise in first Budget Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy …

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way
5 months, 2 weeks ago

Chancellor Rachel Reeves is expected to reveal £20billion hole in UK's public finances - intensifying fears that hefty Labour tax hikes are on the way

Daily Mail  

Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn. Rachel Reeves is set to reveal a staggering deficit in the public finances of up to £20billion, working up to a significant tax hike this autumn The Chancellor is expected to implement tax increases …

Lack of money for tax cuts persuades Rishi Sunak to call general election
7 months, 3 weeks ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph  

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the …

PM insists debt is ‘on schedule’ to fall despite challenges over the claim
11 months ago

PM insists debt is ‘on schedule’ to fall despite challenges over the claim

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. After a pause, Ms Trott appeared to start saying …

Inflation falls to a two-year low – now will interest rates follow?
1 year ago

Inflation falls to a two-year low – now will interest rates follow?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is under mounting pressure to cut interest …

Jeremy Hunt accuses Rachel Reeves of 'fairy tale' economics after Labour conference
1 year, 3 months ago

Jeremy Hunt accuses Rachel Reeves of 'fairy tale' economics after Labour conference

The Telegraph  

Jeremy Hunt has accused Rachel Reeves of peddling “fairy tale” economics after Labour’s shadow chancellor set out her stall to voters in her conference speech. “It is extraordinary that inflation wasn’t mentioned once by Rachel Reeves when it is the biggest challenge facing the British economy,” he said. “Instead, Reeves made it clear Labour will increase borrowing by £28 billion …

Government borrowing binge undermining faith in OBR forecasts, says IFS
1 year, 3 months ago

Government borrowing binge undermining faith in OBR forecasts, says IFS

The Telegraph  

Too much government borrowing is undermining faith in official economic forecasts, the Institute for Fiscal Studies has warned. The think tank said a raft of unexpected and expensive policies rolled out by recent Chancellors had led to a surge in the size of the state and fuelled Britain’s deficit, while also making forecasts less accurate. The result is a “ratchet” …

Bank may need to spark recession to control inflation, economist says
1 year, 6 months ago

Bank may need to spark recession to control inflation, economist says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Policymakers won’t want to steer market rate expectations lower, …

Rise in debt costs could dash Budget tax cut hope
1 year, 10 months ago

Rise in debt costs could dash Budget tax cut hope

Daily Mail  

Problems: Chancellor Jeremy Hunt Hopes of a tax-cutting Budget have been hit by a recent jump in Government borrowing costs that threatens to blow a hole in the public finances. Chancellor Jeremy Hunt was in line for £30 billion more than forecast in the Autumn Statement three months ago due to falling energy prices, a stronger economy and lower debt …

Bank of England warns risk of UK financial crisis hasn’t gone away
2 years, 3 months ago

Bank of England warns risk of UK financial crisis hasn’t gone away

CNN  

London CNN Business — For the second time in two days, the Bank of England has been forced to offer extra support to UK markets still reeling from the government’s announcement last month that it would slash taxes and increase borrowing. The central bank warned Tuesday that there was still a “material risk to UK financial stability” from a sharp-sell …

Bank of England signals it won't keep borrowing costs down as it rejects £1.9bn of gilts sales
2 years, 3 months ago

Bank of England signals it won't keep borrowing costs down as it rejects £1.9bn of gilts sales

The Telegraph  

It came as a top Bank official urged policymakers to increase interest rates aggressively to curb inflation. Ms Mann, who voted to increase interest rates by 0.75 percentage points last month, said history suggested price rises were more likely to be “stabilised using the front-loaded strategy”, even if policymakers had to reverse course later. Julian Jessop, an independent economist and …

The UK is going through a sovereign debt crisis
2 years, 3 months ago

The UK is going through a sovereign debt crisis

The Independent  

Though as yet undeclared and unacknowledged by ministers or the Bank of England, the United Kingdom is going through a sovereign debt crisis of the kind experienced by the likes of Greece, Portugal and Italy around a decade ago. The chancellor, Kwasi Kwarteng, unveiled the Conservative government’s latest answer to the modern British disease of low growth and high indebtedness …

Discover Related