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    Borrowing Costs Rise as Healey Becomes Chancellor

    5 days ago

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    UK government borrowing costs have reached a two-month high following John Healey's unexpected appointment as Chancellor of the Exchequer. The yield on 10-year gilts increased to 5.049%, while the pound fell by 0.29% against the dollar. Prime Minister Andy Burnham's economic policies remain unclear, causing market uncertainty and a selloff in bonds.
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