UK borrowing costs surge

This is a news story, published by MailOnline, that relates primarily to Treasury news.

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spending cuts

MailOnline

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Labour's borrowing costs surge 'worse than Liz Truss chaos'

Summary

Nutrition label

80% Informative

Interest rates on 30-year gilts approached 5.25% yesterday , the highest level for 27 years .

Surge heaps pressure on the Chancellor's spending plans, which were already seen as tight.

Treasury official insist that meeting the government's fiscal rules is 'non-negotiable' But headroom looks to be all-but wiped out, potentially leaving Reeves choosing between spending cuts and tax rises.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful