UK government borrowing costs fall to lowest level since July
by Richard Partington Senior economics correspondent from on (#70TRR)
Boost for Rachel Reeves as bond yield falls while she considers tax rises and spending cuts in budget
The UK government's borrowing costs have fallen to the lowest level since July as Rachel Reeves considers tax rises and spending cuts before next month's autumn budget.
In a boost for the chancellor, the yield - in effect the interest rate - on 10-year UK government bonds has fallen by about 0.15 percentage points this week, after briefly dipping below 4.5% early on Friday for the first time in three months.
Continue reading...