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Investors' reaction to Budget 'very different' to Truss

BBC Business LogoBBC Business2w ago

Investors' reaction to Budget 'very different' to Truss - BBC Business

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:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:37:57 (2 weeks 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

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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The story "Investors' reaction to Budget 'very different' to Truss" was covered 2 weeks ago by BBC Business, a news publisher based in United Kingdom.

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