Tag: longterm
The benefits U-turn raises deeper questions about the credibility of Labour’s long-term plan
About a quarter of the working age population – those aged 16 to 64 – do not currently have a job. Caring responsibilities and ill health are the most common reasons given by those who would like one. With a four-year mandate and a towering majority, Labour might have been expected to have invested in…
UK long-term borrowing costs at highest since 1998 amid fears over weak growth
Yield rises above peak reached when Liz Truss’s mini-budget in 2022 caused turmoil in markets The UK government’s long-term borrowing costs have reached the highest level since 1998 amid investor concerns over Britain’s sluggish growth prospects and stubbornly high inflation. The yield – in effect the interest rate – on UK 30-year government debt rose…