Business UK
BREAKING: Labour’s borrowing costs reach 30 year RECORD HIGH as uncertainty around PM’s future grows
Go to https://bit.ly/GBxExpressVPN to get 82% off ExpressVPN. Protect your money and your identity now.
#ad
ExpressVPN terms and conditions apply.
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
Keep up to date with GB News at gbnews.com or on X @GBNEWS
Become a Friend of GB News: gbnews.com/friend
source
BREAKING: Yvette Cooper has been appointed as Health Secretary, succeeding James Murray.
Pat McFadden retains his role as Work and Pensions Secretary.
#UKPolitics #Labour #BreakingNews #Burnham #GBNews
Keep up to date with GB News at gbnews.com or on X @GBNEWS
Become a Friend of GB News: gbnews.com/friend
source
Reform UK has branded illegal working a “slap in the face” to Britons as the party promises a series of measures to “reclaim our high streets”.
Setting out the major pledge, Home Affairs spokesman Zia Yusuf vowed a Reform Government would pass a “Deliveroo Law”, making CEOs and directors of large companies benefiting from illegal working.
He said: “Under a Reform Government, Britain will have the harshest penalties in the world for those employing illegal migrants.
“Bosses of companies employing illegal migrants will be sent to prison, and their companies fined 10 per cent of their global revenues.
“There are companies whose entire business model is based on profiting from illegal working.
“It is a slap in the face to the public. It makes a mockery of our immigration laws, takes jobs from British workers and is funding the people smugglers in the Channel.
“Young British people are being shut out of entry level jobs and our whole economy is being undermined. We will introduce the toughest penalties anywhere in the world for illegal working.”
#Reform #MigrantCrisis #ukpolitics #GBNews
Keep up to date with GB News at gbnews.com or on X @GBNEWS
Become a Friend of GB News: gbnews.com/friend
source
Tomorrow’s news, tonight. All the major stories making the front pages and full coverage of all the breaking news at home and abroad with Patrick Christys.
Keep up to date with the latest news at https://www.gbnews.com
Twitter: https://twitter.com/GBNEWS
Facebook: https://www.facebook.com/GBNewsOnline
Download the GB News app! You can watch GB News on all of your favourite devices and keep up to date with the latest news, analysis, opinion and more.
https://www.gbnews.com/watch/how-to-watch
source
Join Martin for an up-to-the-minute take on the day’s events delivered in his own unique and lively style. Keep up to date with the …
source
Business UK
Rishi Sunak: ‘He looks rattled, he seems rattled, it now appears he is rattled’ says John Sergeant
Watch on TV: Freeview 236, Sky 515, Virgin 626
Listen on DAB+ Radio
Download the GB News App to watch live wherever you are, catch up with all our shows and get the latest news from the GBN family. https://www.gbnews.uk/freegbapp
Don’t forget to follow us on social media too!
Twitter: https://twitter.com/GBNEWS
Facebook: https://www.facebook.com/GBNewsOnline
Instagram: https://www.instagram.com/gbnewsonline/
LinkedIn: https://www.linkedin.com/company/gb-news/
TikTok: https://www.tiktok.com/@gbnews
Click here for the latest Covid-19 guidance from the World Health Organisation ► https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public
Click here for the latest NHS information on COVID-19 vaccines
https://www.nhs.uk/conditions/coronavirus-covid-19/coronavirus-vaccination/coronavirus-vaccine/
source
-
Food UK3 years agoPANCAKES EXPERIMENT: SAME Ingredients DIFFERENT Techniques
-
Other UK3 years ago
The BBC is on obtained time and is quick ending up being Bri…
-
Fashion UK2 years ago
TDX x TB Rock Band EDJ (“All For You”) Full Song + Lyrics – Tower Defense X Roblox
-
Other UK3 years ago
Making it through an honour killing – BBC News
-
Other UK3 years ago
Could Reform Cost the Tories the Next Election?
-
Fashion UK1 year ago
HIGH ON YOU – Jind Universe | Latest Punjabi Love Song 2024
-
Other UK3 years ago
Prince Harry was victim of phone hacking by Mirror Group New…
-
Business UK2 years ago
Martin Daubney | Wednesday 27th November
-
Business UK3 years ago‘This is his top priority’ | Jake Berry on Tom Tugendhat’s economy plans
-
Politics UK3 years agoEnding Anonymity Online: Britain’s Plans to Change the Internet – TLDR News
You must be logged in to post a comment Login