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Surge in UK Borrowing Costs Halves Government’s Fiscal Headroom

1 source ·1 article ·1h ago

UK Prime Minister Andy Burnham was confronted by the harsh reality of Britain’s weak public finances on his return to parliament on Tuesday as the global selloff in government bonds left him facing a £12 billion problem.

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Bloomberg 1

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Bloomberg Politics ·1h ago

Surge in UK Borrowing Costs Halves Government’s Fiscal Headroom

UK Prime Minister Andy Burnham was confronted by the harsh reality of Britain’s weak public finances on his return to parliament on Tuesday as the global selloff in government bonds left him facing a £12 billion problem.