Decisions on spending cuts and tax rises are sober, officials say
Ministers needs to find billions of pounds to plug the ‘hole’ in public finances. …
While government borrowing costs have fallen somewhat in recent days, officials warned Mr Hunt and Mr Sunak that they remain considerably elevated as global interest rates also rise. For example, the interest rate – or yield – on 10-year UK government debt is just over 10 basis points higher than before the mini-budget..
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