Higher UK borrowing costs are impacting the fiscal plans of Rachel Reeves due to market conditions affecting Phoenix's investments, which are linked to Standard Life.
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Updated oct 29
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How it started
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What happened
Higher UK borrowing costs are impacting the fiscal plans of Rachel Reeves due to market conditions affecting Phoenix's investments, which are linked to Standard Life.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Rachel Reeves' recent policy changes are undermining the Isa savings vehicle.Sub-event
UK borrowing costs are impacting Rachel Reeves' fiscal plans due to market conditions affecting Phoenix's investments.1 source
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The entities involved
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Bank of England
central bank of the United Kingdom
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Phoenix
company in Bareggio, Italy
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Rachel Reeves
British politician and current Chancellor of the Exchequer (born 1979)
- UK political figures, including Andy Burnham, Mel Stride, Ed Davey, and Rachel Reeves, are discussing economic policy, including tax rises and growth partnerships with Europe.
- CPS analysis shows that Rachel Reeves' policy changes, including increased employer NI contributions, are negatively impacting hiring.
Coverage
Newest first; wire copies grouped- The TelegraphSky-high bond yields are crushing Reeves’s dreams of a building boom Rachel Reeves is relying on a building boom to dig her out of a fiscal hole – but financial markets have other ideas. The Chancell