Meanwhile, the costs of servicing the UK's debt mountain have risen, putting huge pressure on the government's spending plans. A senior government source told The Times: 'If we try to hit the ...
Concerns that "stagflation" was taking hold in the UK — whereby economic growth slows but inflation persists — prompted a sell-off in government bonds, known as gilts ... just £10bn of headroom ...
Bond markets in the UK may be more sensitive to fiscal credibility following the turbulence after the 2022 Liz Truss budget. But fiscal sustainability in the UK does not significantly differ from some ...