
Gilt investors have told the UK’s Labour government that it may need to increase taxes further if it is to retain credibility with the bond market after its borrowing costs rose to their highest since the financial crisis.
Chancellor Rachel Reeves has promised not to repeat October’s £40bn of Budget tax rises, which many businesses say has acted as a drag on economic activity. But several bond market participants warned that the UK government may need to look to taxes to bolster its finances after losing its room to manoeuvre under its self-imposed fiscal rules.
您已閱讀15%(675字),剩餘85%(3813字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。