Business UK
BREAKING: Labour’s borrowing costs reach 30 year RECORD HIGH as uncertainty around PM’s future grows
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Business journalist Ian King has warned that the sharp rise in UK borrowing costs is “still pretty damaging for the government,” as markets react to a mix of global instability and domestic political uncertainty. His comments come as long-term borrowing costs surged to their highest level since 1998, with 30-year gilt yields climbing to around 5.7% amid investor concerns about inflation and the wider economic outlook. The spike has been driven in part by the ongoing Iran war, which has pushed up energy prices and intensified fears of prolonged economic pressure.
The situation reflects a broader loss of confidence in financial markets, where investors are demanding higher returns to lend money to the UK government. Analysts point to a combination of rising oil prices, stubborn inflation, and uncertainty surrounding Keir Starmer’s political future as key factors behind the surge. With the UK planning to issue vast amounts of debt, higher borrowing costs could significantly increase the burden on taxpayers and limit the government’s ability to fund public services or economic support measures.
#markets #keirstarmer #labour
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Jacob Rees-Mogg has hit ouut at the “utterly feeble” government for not standing up to the United Nations after they voted for the UK to give up trillions of pounds in reparations for the transatlantic slave trade.
Speaking on State Of The Nation, the GB News host explained why Britain should not agree to pay, saying: “Not only should we not pay reparations, but we should be paying be paid for the work that we did to make the world a more secure and a better one.”
#UnitedNations #Slavery #Labour #GBNews
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John Healey has attacked Nigel Farage during his speech at the Labour Party Conference.
Speaking in Liverpool, the Chancellor questioned the Reform UK leader being “a man of the people,” saying: “When it comes to the economy, he’s Liz Truss with a Bitcoin account.”
#JohnHealey #Labour #NigelFarage #ukpolitics #GBNews
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Business UK
‘Complete KICK in the teeth’ | PM ripped into by Rhiannon Whyte’s mother over foreign criminal data
The mother of Rhiannon Whyte has slammed Andy Burnham after the Prime Minister wrote to reject a request for a meeting with the bereaved mother.
#migrantcrisis #ukpolitics #rhiannonwhyte #andyburnham #gbnews
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