Indeed....borrowing costs up again this morning...

We might be approaching the point where something needs to change, i.e. announce more tax rises or spending cuts outside normal announcements.

Also worth noting that BOE is currently actively selling down the bonds from its asset purchase programme (QE) rather than just letting the positions unwind as they mature. Only a little bit each month, but still. They might need to stop doing that, as its putting more supply into a market that is signalling it really doesnt want any more UK govt debt thanks.

Posted By: Under soil heating on January 9th 2025 at 09:54:10

Message Thread

NBTTT: government borrowing costs (General Chat) - Under soil heating, Jan 9, 08:05:24
- I well recall R4 doing the same sort of (General Chat) - Old Git, Jan 9, 09:17:45
  - But, but Rishi was telling us (General Chat) - Snakepit Divorcee, Jan 9, 12:28:30
  - I agree that R4 "flagship interviews" tend to just be shouting matches (General Chat) - Under soil heating, Jan 9, 09:51:36
  - I am anything but a Tory sympathiser and I am convinced (General Chat) - CB41, Jan 9, 09:24:18
    - VMT (General Chat) - jamesward, Jan 9, 09:25:52
      - That's because many EU countries were still getting gas from Russia and, in Germany's case (n/m) (General Chat) - CB41, Jan 9, 09:40:40
- They are gonna have to kill some more grannies (n/m) (General Chat) - shoddy, Jan 9, 09:11:59
- We seem to be approaching panic stations, rather quickly (General Chat) - paulg, Jan 9, 09:01:06
  - Indeed....borrowing costs up again this morning... (General Chat) - Under soil heating, Jan 9, 09:54:10
    - more tax rises and that's that (if it's not already) (General Chat) - paulg, Jan 9, 10:04:53
      - The country is an absolute binfire (n/m) (General Chat) - jamesward, Jan 9, 11:03:19
        
        gather round it for warmth (n/m) (General Chat) - paulg, Jan 9, 11:06:54
        
        can't recall a time (General Chat) - paulg, Jan 9, 11:09:03
        
        That rather depends upon your POV. (General Chat) - Snakepit Divorcee, Jan 9, 12:32:37
        
        "worse before they get better" - righty ho (n/m) (General Chat) - paulg, Jan 9, 13:07:01

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