UK borrowing costs strain government fiscal headroom
By The BriefBrief
UK Prime Minister Andy Burnham returned to parliament on Tuesday facing a £12 billion problem after a global selloff in government bonds weakened Britain’s public finances. The move halved the government’s fiscal headroom, tightening the outlook for the budget.
WHO:Andy Burnham
WHAT:A global selloff in government bonds left Burnham facing a £12 billion problem and halved the government’s fiscal headroom.
