From Morningstar.: 2024-10-24 12:04:07

The cost of government borrowing rose amid speculation Rachel Reeves may adjust debt rules to allow more investments. This could lead to tens of billions in extra borrowing, impacting interest rates. Reeves plans to change debt assessment methods in next week’s Budget, potentially raising taxes to meet spending needs. The shift could provide more headroom for debt reduction targets. Shadow exchequer secretary criticizes Reeves for breaking pre-election promises. Chancellor may measure debt using public sector net financial liabilities. Liberal Democrats call for wise investment with any additional borrowing. Keir Starmer assures entrepreneurs there is no reason for them to leave the UK despite rumored tax increases.



Read more at Morningstar.: Gilt Yields Rise as Chancellor Says Budget Will…