economy United Kingdom
Labour figures question Healeyâs approach to upcoming budget
6%
The yield on 30-year UK government bonds reached 6%
Labour politicians and officials expressed concern that John Healey had provided insufficient detail on growth, investment, taxation and spending before the budget. Market pressures have reduced the governmentâs fiscal headroom and increased borrowing costs.
1 sourceThe GuardianUpdated
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- 6%
The yield on 30-year UK government bonds reached 6%
âThe yield â in effect the interest rate â on 30-year UK government bonds hit 6% on Thursdayâ
The 30-year UK government bond yield reached its highest level since 1998
âfor the first time since 1998â
- 24BGBP
Rachel Reeves had built ÂŁ24 billion in fiscal headroom against Labourâs fiscal rules
âthe ÂŁ24bn âheadroomâ, or buffer, Reeves had built up against Labourâs fiscal rulesâ