17 hours ago Households face squeeze as pound tumbles to lowest level against US dollar for over a year

With many people already booking holidays for 2025, some travellers may find their money doesn't go as far. However, there could be a silver lining for pensioners purchasing an annuity, a type of retirement income

Politics

16 hours ago Brits 'paying price for Labour's bungled Budget': Reeves warned money from tax hikes will have to go on servicing debt after markets turn on UK

Sterling tumbled to its lowest level against the US dollar for over a year this morning as investors continued to push up risk premium on UK gilts - the way the state finances its activities.

Economics

19 hours ago UK government seeks to soothe bond market nerves after borrowing costs soar

Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’

Politics

23 hours ago Rachel Reeves scrambles to calm markets as Pound falls and borrowing costs rise again

Sterling tumbled to its lowest level against the US dollar for over a year this morning as investors heaped more risk premium on UK gilts - the way the state finances its activities.

Economics

19 hours ago Reeves facing calls to cancel controversial China trip as pound tumbles

Labour chancellor under pressure as government borrowing costs surge, piling pressure on her spending plans

Politics

23 hours ago What rising government debt costs mean for you: Mortgages, employment and the economy

High government borrowing costs come amid fears that inflation is creeping up again, which could lead the Bank of England to keep rates on hold

Economics

21 hours ago Markets ‘orderly’ despite soaring borrowing costs, says Treasury minister

It came as the pound slid to its lowest level since November 2023.

Politics

24 hours ago Chancellor Rachel Reeves may need to cut spending after jump in borrowing costs

The cost of borrowing for the UK government surged to its highest level for almost 17 years on Wednesday amid a sell-off in the bond market and concerns over the threat of stagflation

Economics

22 hours ago UK government seeks to quell turmoil in bond markets as borrowing costs soar

Treasury vows to stick to its fiscal rules as it says gilt markets functioning ‘in an orderly way’

Politics

24 hours ago Pound under further pressure as government borrowing costs keep rising

Sterling fell nearly 1% to just under 1.23 US dollars – its lowest level since November 2023.

Politics