15 m. ago FTSE 100 LIVE: London flat and Europe gains as UK government borrowing costs climb amid Starmer coup

FTSE 100 LIVE: London flat and Europe gains as UK government borrowing costs climb amid Starmer coup  Yahoo Finance UK

Politics

3 h. ago Borrowing costs spike higher as Labour turmoil rattles bond markets

The yield on UK gilts edged up as international investors demanded a higher rate of return for lending to the government.

Economics

32 h. ago Investor angst over Big Tech’s AI spending spills into bond market

Debt issued by groups building data centres has been hit in recent weeks

Economics

45 h. ago Welsh Water just got its report card from regulator Ofwat and it's not good

Welsh Water said at the same time that its downgrade by credit rating agencies would add significant borrowing costs

Politics

3 d. ago Trump’s dollar delusion: how trade war risks ending the US’s ‘exorbitant privilege’

Trump’s team flirts with weakening the dollar, threatening US influence, low borrowing costs and global stabilityMagical thinking is indispensable to understanding Team Trump’s economic policymaking. The White House often seems to believe two opposing policies can work together while one policy can do two or three contradictory things.A heavy dose of hocus pocus will be needed to make the administration’s dollar policy work in the interest of the United States, for it appears that they want to end the US dollar’s supremacy in global finance. Continue reading...

Events

6 d. ago Bank of England leaves interest rates on hold at 4% and says inflation "has peaked"

The next cut in the cost of borrowing is now expected in December just before Christmas

Economics

8 d. ago Economists urge Reeves to make ‘difficult’ choices to boost market confidence

Experts said the Chancellor should prioritise bringing down Government borrowing costs.

Economics

8 d. ago Reeves refuses to say she will stick to manifesto pledge on tax rises and insists she must face world ‘as it is’ – UK politics live

Chancellor says she is focused on priorities for British people in pre-budget speech laying ground for expected tax risesBusiness live: UK borrowing costs fall and pound hits six-month lowReeves says welfare needs to be reformed.There is nothing progressive about refusing to reform a system that is leaving one in eight young people out of education, or employment. I put our public finances back on a firm footing, provided an urgent cash injection into a faltering public services and began rebuilding our economy.But since that budget, the world has thrown even more challenges our way. Continue reading...

Politics

1 week ago Government borrowing costs rise as Rachel Reeves comes under fresh pressure in renting row

Government borrowing costs rose sharply on Thursday, partially erasing gains made in recent months, in another blow to Rachel Reeves' Budget plans.

Politics

1 week ago Government borrowing costs rise as Rachel Reeves comes under pressure

Government borrowing costs rose sharply on Thursday, partially erasing gains made in recent months, in another blow to Rachel Reeves' Budget plans.

Politics

2 w. ago NatWest boss warns of bond market backlash against bank windfall tax

The chief executive of NatWest has warned Rachel Reeves against slapping a windfall tax on banks, as the sector's profits soar.

Economics

2 w. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

2 w. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits fresh record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

2 w. ago UK manufacturers hit by largest drop in orders since 2020; Oil price jumps after Rosneft and Lukoil sanctioned – business live

British manufacturers see the weakest prospects for orders since Covid-19 pandemic, CBI reports, after demand weakened in last three monthsYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, ...

Economics

3 w. ago How the west can stop the global south being strangled by debt | Heather Stewart

Labour would do well to remember its manifesto promise to revive Britain’s global leadership on developmentWith borrowing costs rising and western governments including the UK cutting their aid budgets, unsustainable debts are driving a development crisis across the global south.In the latest evidence, Ethiopia last week faced the threat of being sued by its creditors in the English courts, after long-running negotiations about restructuring $1bn (£740m) of its debt collapsed. Continue reading...

Events

3 w. ago Gilts stage rally as Reeves looks at tax rises and spending cuts

UK 10-year government borrowing costs see biggest weekly fall since April

Economics