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UK’s National Debt Cost Hits 20-Year High

UK’s National Debt Cost Hits 20-Year High

The interest paid on National Debt by the UK’s government has reached a 20-year-high. Apparently, the rate on 30-year bonds has reached 5.05%. The rise in the cost of borrowing comes at a difficult time for the chancellor, Jeremy Hunt as he prepares for the November 22 autumn statement. In a clarification, Mr Hunt said that tax cuts will not ...

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