The UK government’s £18bn borrowing costs are higher than …

Jan 22, 2025 · “While the public sector net borrowing figure was much higher than the £14.1 billion consensus estimate, the UK 10-year gilt yield was unchanged at 4.594 per cent which …

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The UK Government’s £18bn Borrowing Costs Are Higher Than …

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Jan 22, 2025 · “While the public sector net borrowing figure was much higher than the £14.1 billion consensus estimate, the UK 10-year gilt yield was unchanged at 4.594 per cent which …

independent.co.uk

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Higher-than-expected UK Borrowing Heaps Pressure On Rachel …

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Jan 22, 2025 · Read more: Surprising UK pay growth could delay Bank of England’s interest rate cuts. The interest payable on central government debt was £8.3 billion in December 2024, …

yahoo.com

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UK Borrowing Rises More Than Expected In December

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Jan 22, 2025 · Elevated government spending led to the higher-than-expected borrowing. Public expenditure rose by £12.9 billion over the past year to £100.2 billion in December, mainly …

thetimes.com

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UK Borrowing Costs Rise Unexpectedly - But Rachel Reeves Claims ...

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This figure was around 25 per cent higher than what economists had predicted and was £10.1billion more than the same time last year, making it the highest borrowing in December …

msn.com

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UK Borrowing Overshoot Highlights Budget Pressure On Reeves

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Oct 22, 2024 · Borrowing hit 79.6 billion pounds ($103.5 billion) between April and September - almost 7 billion pounds more than expected by the Office for Budget Responsibility, which …

reuters.com

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Government Borrowing Higher Than Expected As Cost Of Benefits …

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Dec 21, 2023 · Borrowing for the financial year-to-date stood at £116.4 million, £24.4 billion more than the same period last year but undershooting forecasts from the Government’s official …

independent.co.uk

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How Much Money Is The UK Government Borrowing, And Does It …

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Jan 22, 2025 · Borrowing between March and December 2024 stands at £129.9bn, which is £8.9bn more than for the same period a year earlier. The total amount the government owes is …

bbc.co.uk

FAQs about The UK government’s £18bn borrowing costs are higher than … Coupon?

Why are UK borrowing costs so high?

UK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government’s tax and spending plans. Yields on gilts, as UK government bonds are called, have been rising – and these yields are effectively the level of interest that the government pays on its borrowing. ...

Will UK government borrowing reach its highest level in 34 years?

The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Please review our commenting policy. The cost of UK government borrowing is on track to reach its highest level in 34 years when compared to Germany, after doubts emerged about how fast the Bank of England could cut interest rates. ...

Why are government borrowing costs rising?

Government borrowing costs began rising after the Budget last Autumn. The Resolution Foundation said the rise has been "primarily driven by international factors", with US and European government debt also rising. Other economists have said higher borrowing costs are at least partly a reaction to sluggish growth in the UK economy. ...

Will higher borrowing costs mean tax rises or spending cuts?

Higher borrowing costs for the government may mean tax rises or spending cuts if it wants to stick to its own self-imposed rules, a leading economic think tank has warned. According to a report from the Resolution Foundation, the government is spending £7bn a year more paying interest on its debt than it was at the time of the Budget. ...

How much did the public sector borrow in November?

The Office for National Statistics said public sector net borrowing stood at £14.3 billion in November. I would like to be emailed about offers, events and updates from The Independent. Read our Government borrowing was higher than expected last month amid greater benefits costs and increased interest payments, according to official figures. ...

Will higher borrowing costs lead to lower spending?

The government has committed to having only one fiscal event a year, where it can raise taxes, and this is not expected until the autumn. So if higher borrowing costs persist, we may be more likely to see cuts to spending before that or at least lower spending increases than would otherwise happen. ...