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According to the Daily Telegraph, figures revealed this week present inflation stays excessive, plunging bond markets into “chaos” and pushing Britain’s borrowing prices to the very best degree within the G7 for the primary time for the reason that 2007 crash . Nationwide, Lloyds, Virgin Money and Halifax all elevated their mortgage charges in response, the paper says, and quotes the chief funding officer of Legal & General – the nation’s largest asset supervisor – as saying the corporate is at the moment the most important investor within the UK. Not investing long run. Debt market as a result of “lack of clarity” [economic] narrative”.
With inputs from BBC
