Monday, September 26, 2022

Pound sinks as markets react to mini-budget

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The government had to tell the markets that it needed to borrow an extra £72bn this year, but did not publish the numbers behind that. Interest rates charged for British debt hit 4%, having been 3.1% earlier this week, and 1.8% at the beginning of the leadership contest with Rishi Sunak.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: BBC News

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