Chancellor 'risks triggering sharp interest rate rise'
Daily Express|October 07, 2024
RACHEL Reeves' plans to change fiscal rules so she can borrow more may lead to sharp interest rate rises - and mortgage hikes for millions, a Treasury analysis has warned.
Stephen Beech
Chancellor 'risks triggering sharp interest rate rise'

An official modelling exercise indicates the Chancellor's plans could result in the cost of borrowing increasing for mortgage holders and businesses.

The Treasury research suggests that a "fiscal loosening" of 1% of gross domestic product could trigger a "peak increase in interest rates" of up to 1.25%.

Denne historien er fra October 07, 2024-utgaven av Daily Express.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 07, 2024-utgaven av Daily Express.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA DAILY EXPRESSSe alt
WRAP UP WARM! -20C ARCTIC SNOW AND ICE BLAST HITS UK
Daily Express

WRAP UP WARM! -20C ARCTIC SNOW AND ICE BLAST HITS UK

BRITAIN is bracing for the coldest night in four years-an icy -20C blast.

time-read
2 mins  |
January 08, 2025
UNITED WE STAND
Daily Express

UNITED WE STAND

Dalot embodied togetherness and leadership key to best display yet under Amorim

time-read
2 mins  |
January 07, 2025
Flying Forest make it six of the best as Wolves are tamed
Daily Express

Flying Forest make it six of the best as Wolves are tamed

GIBBS-WHITE SILENCES THE CROWD AND SHOWS WORTH

time-read
2 mins  |
January 07, 2025
Eddie's ready to go toe-to-toe with Mikel once again 茶紅
Daily Express

Eddie's ready to go toe-to-toe with Mikel once again 茶紅

HOWE HAS NO PROBLEM UPSETTING HIS RIVALS

time-read
2 mins  |
January 07, 2025
The Nuke knows he has price on head
Daily Express

The Nuke knows he has price on head

REALITY SETS IN AS LITTLER PREPARES FOR ONSLAUGHT

time-read
2 mins  |
January 07, 2025
NOVAK'S FEARS
Daily Express

NOVAK'S FEARS

Djokovic still feels the 'trauma' of detention when he visits Australia

time-read
2 mins  |
January 07, 2025
HAMILTON HOPES TO ROAR IN HIS FORTIES
Daily Express

HAMILTON HOPES TO ROAR IN HIS FORTIES

Lewis is out to end years of hurt for golden oldies

time-read
2 mins  |
January 07, 2025
WEATHER THREATENS RACING
Daily Express

WEATHER THREATENS RACING

Warwick and Kempton concerns for Saturday

time-read
1 min  |
January 07, 2025
Top tech seven hoping for another magnificent year
Daily Express

Top tech seven hoping for another magnificent year

THE Magnificent Seven group of leading tech companies gained a combined 63% last year, building on their strong performance in 2023.

time-read
1 min  |
January 07, 2025
RETURN OF THE GREEN FAIRY!
Daily Express

RETURN OF THE GREEN FAIRY!

Once inextricably linked with art, rebellion and madness, and infamously banned in the early 20th century, absinthe is making a stunning comeback as the drink of choice for Gen Z... and a handy cocktail ingredient for everyone else

time-read
5 mins  |
January 07, 2025