Street scene in financial district, London

Rule of the market: How to lower UK borrowing costs

Article

The UK is paying a premium on its borrowing costs that ‘economic fundamentals’, such as the sustainability of its public finances, cannot fully explain. 

To lower borrowing costs, the government must continue to rebuild credibility, carefully manage market sentiment and pursue growth-enhancing policies with high returns. 

The budget was a first step – it confirmed fiscal consolidation is coming, while protecting growth – but this process needs to continue. 

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