The government also bought 36,000 military homes, which cost £ ... that the borrowing rise was of no greater concern than the other challenges facing the chancellor. The UK economy will grow ...

The UK government generally spends more than it raises in tax. To fill this gap it borrows money, but that has to be paid back - with interest. The government gets most of its income from taxes.

But UK borrowing costs have risen sharply as the yield on its bonds has increased. The yield on a 30-year gilt—the interest rate at which the government pays back a three-decade loan—rose to 5 ...

LONDON, Jan 21 (Reuters) - British government borrowing costs fell ... The increase in UK borrowing costs had threatened to knock finance minister Rachel Reeves off track for meeting her fiscal ...

As borrowing costs rise, the government has less money to spend on the country’s creaking National Health Service, military, emergency services and schools. Though officials got a brief respite ...

A pay rise for public sector workers helped fuel expenses for the government, as well as poor economic growth, which translates to a lower tax take for the Treasury. The government also bought 36,000 ...

Rising Borrowing Costs Batter UK Government and Threaten to Derail Its Left-Leaning Program LONDON (AP) — Britain’s new government, which is already facing anger over higher taxes, unpopular ...

LONDON (AP) — Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being ...