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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.
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%.
Cette histoire est tirée de l'édition October 07, 2024 de Daily Express.
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