One of the most economically illiterate and incoherent articles I’ve read in a while. “Borrowing costs”, aka GILT yields, have very little to do with the real economy, and there’s no reason why the BofE couldn’t control the yield curve if they so wished.
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UK Bond Selloff Puts Reeves’ Economic Project on the Brink — Bloomberg
Borrowing costs have risen, pound has declined to lowest in more than a year