Topic
borrowing
UK government borrowing falls to £16bn in June, ONS data shows as Burnham unveils cost-of-living measures
UK government borrowing totalled £16bn in June, £7.9bn less than a year earlier, according to the ONS. The unemployment rate held steady. New Prime Minister Andy Burnham began setting out policies to cut household living costs.
Business Era of Cheap Borrowing May Be Over as World Enters 'New Macro Regime,' Moody's Warns
According to a Moody's Ratings report, the global economy has entered a new macro regime marked by structurally higher interest rates, sustained investment in AI and defence, and elevated geopolitical risks. Bond yields have risen to pre-crisis levels, and capital is flowing to policy-backed sectors. The outlook hinges on AI productivity gains and stable geopolitical conditions.
Finance Banks Borrow ₹16,800 Crore at RBI VRR Auction, Signaling Comfortable Liquidity Conditions in Banking System
Banks borrowed only ₹16,800 crore from the Reserve Bank of India at its four-day Variable Rate Repo (VRR) auction, against the notified amount of ₹50,000 crore, indicating comfortable liquidity conditions. The cut-off rate stood at 5.26%, marginally above the policy repo rate of 5.25%, according to News on AIR.
Business UK May borrowing surges to £23.3bn, sparking warning over fragile public finances
The UK government borrowed £23.3bn in May, nearly a third more than a year ago and well above the OBR's forecast. Debt interest payments soared to a record £11.7bn. Economists caution that fragile public finances will constrain fiscal policy, amid a looming Labour leadership challenge.