14 h. ago European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial markets have rallied sharply and German borrowing costs have soared after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.The yield – in effect the interest rate – on 30-year German government bonds rose by about 25 basis points to 3.08% in its biggest daily increase since October 1998. Continue reading...

Economics

19 h. ago European markets soar as Germany lifts ‘debt brake’ to raise defence spending

Berlin’s ‘big bazooka’ move sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial markets have rallied sharply and German borrowing costs have soared after the country’s prospective leaders announced a historic deal to loosen its “debt brake” rule to boost spending on defence.The yield – in effect the interest rate – on 30-year German government bonds rose by 16 basis points, after having earlier jumped by as much as 25 basis points to 3.07% in its biggest increase since October 1998. Continue reading...

Economics

20 h. ago German borrowing costs soar by most since 1997 on ‘historic’ debt deal

Investors bet on big boost to growth after agreement to increase funding for military and infrastructure

Economics

21 h. ago German borrowing costs soar by most since 2008 on ‘historic’ debt deal

Investors bet on big boost to growth after agreement to increase funding for military and infrastructure

Economics

22 h. ago Chancellor plans sweeping welfare cuts amid tariffs warning, higher inflation and increasing borrowing costs

A minister has defended the proposals saying there is a ‘moral case’ for cutting Britain’s welfare bill

Economics

23 h. ago German borrowing costs soar after Merz deal to boost military and infrastructure spending

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Economics

24 h. ago UK chancellor to propose spending cuts to fix worsening public finances

Welfare bill in focus as Rachel Reeves’ £9.9bn of fiscal ‘headroom’ wiped out by higher borrowing costs

Economics

24 h. ago Reeves to propose spending cuts to fix UK’s worsening public finances

Welfare bill in focus as chancellor’s £9.9bn of fiscal ‘headroom’ wiped out by higher borrowing costs

Economics

26 h. ago German borrowing costs soar as Merz moves to ease debt brake

Proposal to relax borrowing rules described as ‘sea change’ for debt issuance

Economics

46 h. ago Grocery price inflation holds steady amid warnings of increases later in year

'One of the most interesting changes has been a move to simpler eating habits as we look for convenient shortcuts to make our lives easier'

Events

66 h. ago Mortgage approvals fall as borrowing still costly compared to 'cheap money era'

The number of mortgages being approved to home buyers fell back in January, following an increase in December, according to Bank of England figures

Economics

2 w. ago Now we'll all pay for Rachel Reeves' private school tax: Labour's VAT raid on private schools helps send inflation soaring to a ten

Experts, who warned there would be 'unforeseen consequences', say households will shoulder the burden of the higher borrowing costs.

Economics

2 w. ago Fed officials seek ‘further progress’ on inflation before cutting rates

Minutes from January meeting show US central bankers back ‘careful’ approach on reducing borrowing costs

Politics