Government borrowing costs rise after PM’s U-turn
Borrowing costs climbed as some economists questioned whether the corporation tax U-turn went far enough. …
“It’s unlikely that the removal of Kwasi Kwarteng as chancellor and the new plans to cancel the cancellation of the rise in corporation tax from 19% to 25% from next April will be enough on their own to regain the full confidence of the financial markets,” said Paul Dales, Chief UK economist at Capital Economics.
About The Author
