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%.
This story is from the October 07, 2024 edition of Daily Express.
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This story is from the October 07, 2024 edition of Daily Express.
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