New figures from the Office for National Statistics show borrowing has jumped well past the OBR’s Budget forecasts. Who would’ve thought…
Borrowing was £17.8 billion in December – £10.1 billion more than in December 2023 and the highest December borrowing in four years. That’s also £3.6 billion above forecasts…
The UK has borrowed £4.1 billion more in the current financial year than official projections predicted back in October. Public sector net figures minus banks were £129.9 billion in the months to december compared to a forecast 125.9 billion…
Reeves insisted on her pro-growth credentials and declined to say that she wants to cut taxes when talking to Bloomberg in Davos this morning. Things are very much going the other way…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”