Investors' reaction to Budget 'very different' to Truss

Quick Summary:

Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.

This matters because not only does it mean the government will have to pay more to borrow, but bond yields are also used as a guide for setting the rates on everyday loans and mortgages.

On Friday, Reeves said she would not comment on market moves "because markets move all the time".

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Article Details

Category: Business

Markets: United Kingdom

Topics: Borrowing Spending Budget Rates Lenders Markets Market Government Money

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:37:57 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 800 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23431627

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

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News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

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