Chancellor Rachel Reeves confronts an economic firestorm, drawing stark parallels to Denis Healey's 1976 IMF crisis. With soaring borrowing costs and a £22bn budget black hole, the UK faces its gravest fiscal challenge in half a century.
Britain's borrowing costs have surged to levels not seen since 1997, with markets imposing a 'moron premium' following Chancellor Rachel Reeves' controversial fiscal plans. The gilt yield spike signals deep market anxiety over the UK's economic direction.
Chancellor Rachel Reeves faces a stern economic test as public sector net borrowing hits £27.6bn, the highest since 1999. Rising debt interest payments and welfare costs drive the surge, complicating Labour's fiscal plans.
Chancellor Rachel Reeves faces intense scrutiny after UK government borrowing costs surge to levels not seen since 1997, raising fears about Labour's spending plans and economic stability.
The Bank of England has kept interest rates unchanged at 5.25%, offering temporary relief to mortgage holders. However, experts warn that persistent inflation could lead to future hikes, squeezing household budgets further.
The Bank of England has kept interest rates unchanged at 5.25% for the sixth consecutive meeting, as policymakers weigh persistent inflation against economic growth risks. Governor Andrew Bailey signals cautious optimism but warns of lingering price press
Discover Sydney’s innovative 'Library of Things' where locals can borrow everything from camping gear to high-tech gadgets instead of buying them.
Britain's national debt has skyrocketed, sparking fears of impending tax rises as the government scrambles to balance the books. Experts warn of tough economic times ahead.
Chancellor Rachel Reeves highlights concerns over increasing tax pressures as UK government borrowing reaches unprecedented levels following the Covid pandemic.
Shadow Chancellor Rachel Reeves criticises the government's borrowing strategy, warning of dire economic consequences as inflation continues to rise.
Chancellor Rachel Reeves outlines new borrowing strategies in the upcoming Autumn Budget to tackle economic pressures, signalling a shift in fiscal policy.
UK public sector borrowing hits £16bn in June, double last year's figure, sparking concerns over potential tax increases under Chancellor Rachel Reeves.
Chancellor Rachel Reeves announces a challenging budget with tax hikes and spending cuts to tackle the UK's rising borrowing costs. What does this mean for households and businesses?