The UK’s national debt has quietly shrunk by millions of pounds after an unexpected move by a little-known government body.

UK government borrowing came in more than forecast in June, a setback for Chancellor of the Exchequer Rachel Reeves that will ...

The last goal is key given that Kwarteng’s first (and last) Budget sent yields on UK 10-year government bonds , or “gilts”, soaring from around 3% in mid-September 2022 to more than 4.5% in ...

The government already spends more than £100 billion a year on debt interest payments. This is because about a quarter of UK gilts are linked to inflation, which means that interest payments ...

Summary UK's Reeves to change debt definition at Oct. 30 budget Move likely to allow tens of billions of pounds more borrowing Reeves aims to reverse last government's planned investment cut ...