Business & Money – City tells Reeves: We can lend you £80bn
Business & Money says the government has prepared the markets for an extra £80 billion of borrowing over the next five years to fund ambitious spending on infrastructure and green energy.
Investors in government bonds, or gilts, are signalling to Rachel Reeves that they can lend her that sum without prompting a Liz Truss-style panic in the markets as long as she sets out clear annual spending plans and explains the economic benefits of the projects to be funded.
