All the updated news related to borrowing

All the news related to borrowing updated in real time

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Households ‘borrowing more and saving less’ amid surging inflation

Households are borrowing more and putting less money into savings, according to Bank of England figures. Some experts pointed to the statistics as evidence of people trying to maintain their lifestyles as their incomes are battered by high inflation....

01 Feb 2022 at 12:25

Interest on government borrowing jumps to December record amid soaring inflation

Interest on government borrowing surged to a December record last month due to rocketing inflation, according to official figures. The Office for National Statistics (ONS) said interest payments on government debt trebled to a higher-than-expected ...

25 Jan 2022 at 09:25

Borrowing soars as runaway inflation pushes up interest

Interest payments on the UK’s debt helped push up borrowing last month, new official data shows. The Office for National Statistics (ONS) said Government borrowing hit £22.9 billion, the second highest June since records began in 1993. It is £4.1 ...

21 Jul 2022 at 09:58

UK faces risk of recession from cost crunch and ballooning debt burden – OBR

Soaring energy prices and inflation threaten to tip the UK into recession while government debt levels could more than treble unless taxes are hiked, the UK fiscal watchdog has warned. The Office for Budget Responsibility (OBR) said the UK ...

07 Jul 2022 at 11:58

Horse Racing

Alflaila flays Strensall rivals in style

Alflaila came from last to first under Jim Crowley to plunder the Group Three Sky Bet And Symphony Group Strensall Stakes at York. Masekela set a decent pace in the nine-furlong contest and still held every chance with a furlong to race, ...

20 Aug 2022 at 15:20

Government borrowing strikes £20bn after September record debt interest

Government borrowing swelled to £20 billion in September amid a surge in debt interest due to inflation, according to official figures. The Office for National Statistics (ONS) said the reading for borrowing, excluding state-owned banks,...

21 Oct 2022 at 08:31

Political instability sees UK economic outlook downgraded by ratings agency

The UK’s economic outlook has been downgraded from “stable” to “negative” by the ratings agency Moody’s due to political instability and high inflation. In a report published on Friday night, Moody’s said the change in outlook was ...

22 Oct 2022 at 08:03

Truss will need to soothe rattled gilt markets, experts warn

UK government bonds remained under pressure with little sign of respite after Liz Truss’s Conservative leadership victory, and experts warned her policy plans will be key to settling the rattled gilts market and reining in ...

05 Sept 2022 at 15:26

About 4m mortgage borrowers to see repayments jump next year, Bank warns

Around four million mortgage borrowers are set to see their monthly payments jump at the end of the next year as the risk of households defaulting on debt has risen, the Bank of England has warned. People with a ...

13 Dec 2022 at 15:24

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Government must outline plans as banks and vulture funds hike mortgage interest rates says Donegal TD

Sinn Féin spokesperson on Finance, Pearse Doherty TD, has called on the Government to support struggling mortgage borrowers with rising interest rates. The Donegal TD repeated his calls for the Government to ...

07 Jan 2023 at 14:33

Bank’s chief economist cautions over raising rates ‘too much’

The chief economist of the Bank of England has cautioned that it is important the Bank does not raise borrowing costs too high. Huw Pill’s warning came a day after the central bank hiked interest rates by 0....

03 Feb 2023 at 08:58

Money fears could leave people vulnerable to loan sharks, campaigners warn

Personal Finance

Money fears could leave people vulnerable to loan sharks, say campaigners

Concerns have been raised about struggling borrowers potentially being preyed on by loan sharks. One in 14 (7%) of people surveyed in June said they or someone else in their household has borrowed from an ...

28 Jun 2023 at 10:18

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