Darren Fower𝗟𝗔𝗧𝗘𝗦𝗧: The interest rate, or yield, the government pays on loans issued to it, known as gilts, has hit 𝟰.𝟵%, the 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 level since the 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗿𝗮𝘀𝗵!
#CostOfLivingCrisis #FinancialCrisis #UKlabour #RachelReevesMP
𝗤: 𝗦𝗼 𝘄𝗵𝗮𝘁? A: Well economists suggest this means an extra cost between £𝟮𝟬-𝟯𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 per year for the 𝘎𝘰𝘷𝘦𝘳𝘯𝘮𝘦𝘯𝘵 to pay!