Rachel Reeves says she has 'iron grip' on finances as borrowing costs surge

By The Guardian   |   6 days ago
Rachel Reeves says she has 'iron grip' on finances as borrowing costs surge

The UK Treasury issued a rare second statement due to a spike in government borrowing costs, challenging the chancellor's fiscal rules. Analysts warn of economic impact, as bond yields rise and pound falls, signaling fiscal emergency concerns. Market turbulence may lead to spending cuts to meet budget targets.

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