10 Oct 2022

Government attempts to calm markets amid increase in its borrowing costs

Political Editor

The Treasury confirmed today that the Chancellor Kwasi Kwarteng will bring forward his next major economic statement to 31 October – Halloween.

It was one of a series of government¬† announcements that was supposed to settle nerves in the City after last week’s jittery party conference.

But it did not stop a sharp increase in government borrowing costs.