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Chancellor Rachel Reeves may need to cut spending after jump in borrowing costs

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Chancellor Rachel Reeves may need to cut spending after jump in borrowing costs




The cost of borrowing for the UK government surged to its highest level for almost 17 years on Wednesday amid a sell-off in the bond market and concerns over the threat of stagflation



Source link : https://www.mirror.co.uk/news/business/chancellor-rachel-reeves-need-cut-34446771

Author : mirrornews@mirror.co.uk (Henry Saker-Clark PA Deputy Business Editor, Lawrence Matheson)

Publish date : 2025-01-09 08:44:00

Copyright for syndicated content belongs to the linked Source.

Tags : Mirror

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