Pound and borrowing costs stabilise after market nerves

Quick Summary:

Sterling rises and borrowing costs dip with the chancellor due to face questions in the Commons later.

She said the trip would improve economic ties with Beijing, but the Conservatives said she had "fled" during a time of uncertainty in financial markets.

She pinned the UK's specific problems on a "delayed response to the very heavy tax and spend in the Budget", adding that "we're going to have to wait some months, maybe even some quarters, to see the real impact".

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Article Details

Category: Business

Markets: United KingdomFranceGermanyItalySpain

Topics: Rachel Rising Monday Reeves Market Pound Costs Government Borrowing Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 10:14:59 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 25151388

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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