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UK long-term borrowing costs hit highest since 2008 ahead of October Budget
1+ week, 5+ day ago (454+ words) Long-term government borrowing costs have risen to a 28-year high, putting further pressure on Prime Minister Andy Burnham ahead of his first Budget next month. The yield on a 30-year gilt — a loan to the British government — rose to 5.89%, the…...
UK borrows more than expected in July as Healey prepares for first Budget
3+ week, 2+ day ago (431+ words) The government borrowed slightly more than expected in July, according to figures published as Chancellor John Healey draws up his first Budget. The Office for National Statistics (ONS) said borrowing was £2.3bn more than official forecasts from the Office for Budget…...