Major Credit Score Overhaul Hits UK This Summer
Millions of Brits will see their credit scores transformed as new 'onboarding' rules launch this summer. Discover how this financial revolution affects you.
Category : Search result: borrowing shock
Why Rachel Reeves Must Gamble on Tax Hikes
Exclusive analysis reveals why the Chancellor faces an impossible choice between fiscal responsibility and crumbling public services as economic pressures mount.
Fed's Powell: No Rate Cuts Until Inflation Cools
Federal Reserve Chair Jerome Powell delivers cautious message on interest rates, emphasising need for sustained inflation control before considering cuts. Market reactions and economic outlook analysed.
US per capita debt surpasses Greece and Italy
Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.
Reeves Under Fire Over £25bn Interest Bill Crisis
Chancellor Rachel Reeves faces mounting pressure as economists question her fiscal rules amid soaring government borrowing costs and a £25 billion interest payment bill that threatens Labour's investment plans.
Reeves forced into borrowing spree as fiscal plans unravel
Chancellor Rachel Reeves confronts harsh economic reality as soaring debt costs and weak growth force major borrowing increases, putting Labour's fiscal rules under severe pressure.
UK government borrowing hits record September high
Chancellor Rachel Reeves confronts unprecedented September borrowing figures while MPs push for wealth taxes in upcoming budget decisions.
UK borrowing outstrips forecasts as Amazon outage hits
UK government borrowing surged past official predictions in September, creating an early challenge for Chancellor Rachel Reeves. The financial uncertainty coincides with a major Amazon Web Services outage that disrupted global businesses before being reso
UK borrowing hits record September high of £15.9bn
New figures reveal UK government borrowing hit £15.9 billion in September 2025 - the highest for that month since records began. Chancellor Rachel Reeves faces mounting pressure as debt costs spiral and economic challenges deepen.
Sarah Ferguson Borrowed Cash from Epstein
Sarah Ferguson borrowed thousands from Jeffrey Epstein after her divorce from Prince Andrew, with new court documents revealing the extent of their financial relationship during her financial struggles.
UK government borrowing costs hit 20-year high
Chancellor Rachel Reeves faces mounting pressure as UK government borrowing costs surge to their highest level in two decades, threatening Labour's economic plans and increasing pressure on public finances.
Bank of England Holds Interest Rates at 5.25%
The Bank of England maintains interest rates at 5.25% despite falling inflation, with policymakers divided on the timing of future cuts as economic uncertainty persists.
Banks Cut 0% Interest Periods on Credit Cards
Major UK banks are dramatically reducing interest-free periods on balance transfers, leaving borrowers with higher costs. Discover how this shift affects your finances and what alternatives remain.
Powell Signals Rate Cuts as Job Market Stays Strong
Federal Reserve Chair Jerome Powell indicates borrowing costs could be reduced sooner than expected amid cooling inflation and resilient employment figures, reshaping economic forecasts.
Rachel Reeves's Economic Wonderland: Fantasy Over Reality?
Chancellor Rachel Reeves faces mounting criticism as her economic policies draw alarming parallels to fantasy over reality. Experts question the sustainability of her borrowing plans and warn of serious consequences for Britain's economy.
UK Borrowing Hits £37.6bn, Exceeding Forecasts
Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.
UK Borrowing Rises as Consumer Confidence Slumps
New ONS data reveals a sharp rise in UK public sector borrowing alongside falling consumer confidence, creating a challenging backdrop for Chancellor Rachel Reeves's upcoming autumn budget.
Bank of England holds interest rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Governor Andrew Bailey warns of persistent inflationary pressures despite economic slowdown.
Bank of England Holds Interest Rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation shows signs of easing, though Governor Andrew Bailey remains cautious about future cuts.
Bank of England holds rates at 5.25% amid inflation concerns
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation remains stubbornly above target, despite economic slowdown signals.
Hunt's Pre-Election Budget Walks Fiscal Tightrope
Exclusive analysis: Chancellor Jeremy Hunt prepares a pivotal pre-election Budget, walking a tightrope between voter-friendly tax cuts and fiscal responsibility as the UK economy sends mixed signals.
Bank of England pressured to slow bond sales amid record borrowing
Leading economists and financial experts urge the Bank of England to reconsider its quantitative tightening strategy amid soaring government debt costs, warning current pace could destabilise markets.
Bank of England Holds Interest Rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain the base rate at a 16-year high of 5.25%, offering a cautious reprieve for borrowers while continuing its fight against persistent inflation.
Badenoch's Leadership Reality Check Begins
As the new Prime Minister, Kemi Badenoch faces a harsh political awakening. Inheriting a legacy of economic turmoil and party division, her premiership is already being tested by the cold realities of power, soaring borrowing costs, and a restless party.
Warsaw Metro Station Opens as Smartphone-Access Library
Warsaw unveils a world-first 'express library' metro station, allowing commuters to borrow physical books for free using just their smartphones, blending urban transport with accessible culture.
Why Britain must stop fearing imaginary bond vigilantes
The Guardian argues that the UK is paralysed by a mythical fear of 'bond vigilantes', preventing vital investment in public services and infrastructure. It's time to abandon outdated economic dogma.
UK Financial Crisis: Reeves Faces Soaring Borrowing Costs
Chancellor Rachel Reeves confronts a mounting financial crisis as UK borrowing costs hit Budget-day highs, sparking fears of a mortgage meltdown and economic instability.
Labour's popularity plummets as Reeves faces Poll Tax backlash
Exclusive polling reveals a dramatic collapse in support for Keir Starmer's government as Rachel Reeves faces backlash over borrowing plans, drawing comparisons to the infamous Poll Tax.
UK Economic Crisis as Borrowing Costs Soar to 10-Year High
Britain faces a severe economic storm as government borrowing costs hit alarming highs, sparking fears of a fiscal crisis. Chancellor Rachel Reeves confronts mounting pressure amid market turmoil and Labour's internal reshuffle.
UK Borrowing Costs Soar, Pressuring Reeves' Budget
Chancellor Rachel Reeves faces a major economic challenge as UK government borrowing costs hit a high, threatening her Budget plans and putting public finances under intense scrutiny.
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