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UK borrowing costs at highest for a year after Budget

BBC Business LogoBBC Business13h ago

UK borrowing costs at highest for a year after Budget - BBC Business

Quick Summary:

Analysts say the rise in borrowing costs is a sign the markets aren't happy about the increase in government spending.

The cost of UK government borrowing has risen to its highest level for more than a year in the wake of Wednesday’s Budget.

The interest rate – the so-called yield – the government has to pay lenders when it borrows money from them over a 10-year period, climbed above 4.5% on Thursday before falling back.


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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: 2024-10-31 @ 18:02:03 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 23352775

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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: 15 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

Publisher Details

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The story "UK borrowing costs at highest for a year after Budget" was covered 13 hours ago by BBC Business, a news publisher based in United Kingdom.

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  • URL: https://beamstart.com/news/uk-borrowing-costs-at-highest-17303978455139

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