UK's Borrowing Costs Soar, Despite Reeves' Tax-and-Spend Approach

Britains borrowing costs remain high, with the country now spending over £100 billion annually on debt service, five times the pandemic peak. Global investors view the UK as incompetent, leading to a moron premium on gilts. Chancellor Rachel Reeves tax-and-spend approach, including a record £40 billion tax raid, has slowed growth, fueled inflation, and kept interest rates high. Despite a recent dip in inflation, experts warn that the UK may only get lucky if inflation continues to fall and growth picks up. The real solution lies in rebuilding trust through steady fiscal plans and debt reduction. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.