11 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

14 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

17 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

15 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

17 hours ago Government borrowing costs keep rising as pound sinks to lowest level in over a year

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

Politics

18 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