Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UK borrowing costs hit 18-year high as public sector deficit nearly doubled forecasts, driven by inflation, war, and rising rates.

flag UK government borrowing costs hit their highest levels since 2008 as 10-year gilt yields surpassed 4.9%, an 18-year high, driven by worse-than-expected February public sector borrowing of £14.3 billion—nearly double the OBR’s forecast. flag The surge, fueled by inflation, rising interest rates, and the Iran war’s impact on energy prices, reduced fiscal flexibility, with experts projecting a £7.1 billion loss in headroom by 2030/31. flag While officials cited prior preparations, critics highlighted ongoing fiscal strain from rising borrowing and tax increases amid persistent economic pressures.

124 Articles