Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge
Treasury issues rare second statement in two days after sell-off leaves 10-year bonds at highest level since 2008
Rachel Reeves took the rare step of issuing a public statement for the second successive day on Wednesday, insisting she has an “iron grip” on the public finances, as the sell-off in bond markets intensified.
The cost of 10-year government borrowing hit its highest level since the global financial crisis in 2008, jeopardising the chancellor’s chances of meeting her self-imposed fiscal rules. Continue reading...
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