Budget Borrowing Raises Mortgage Rates
This is a news story, published by Telegraph, that relates primarily to Rachel Reeves news.
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mortgage ratesTelegraph
•Rachel Reeves’s spending spree risks ‘mortgage misery’ for millions
70% Informative
Rachel Reeves is expected to use her October 30 Budget to ease borrowing rules.
She is widely expected to increase borrowing to unlock up to 50 billion of pounds .
Treasury research paper warns that a fiscal loosening’ of just one per cent of GDP could lead to a “peak increase in interest rates” of up to 1.25 percentage points.
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