Yield, or interest rate, on British government bonds climbs on Thursday amid a fall for other countries
The UK government’s borrowing costs have risen on global financial markets amid expectations that Rachel Reeves will change Britain’s debt rules to unlock up to £50bn of additional headroom for investment in infrastructure.
Ahead of next week’s budget, the Guardian revealed on Wednesday that the chancellor was preparing to confirm at the International Monetary Fund’s annual meetings in Washington that she would change the way the debt rule is calculated.
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