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Guardian

The spiralling cost of borrowing spells trouble for Rachel Reeves – but she must hold her nerve | Jonathan Portes

Guardian
Summary
Nutrition label

72% Informative

The cost of UK government borrowing is higher than it has been since just before the global financial crisis of 2008 .

The yield on five-year gilts the interest rate the government is paying on the 4.25bn it borrowed today to finance the deficit is about 4.5% , nearly five times what it was a decade ago .

But interest rates have broadly followed US ones upwards since start of 2023 .

VR Score

75

Informative language

76

Neutral language

5

Article tone

informal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links