The UK is facing mounting financial pressure. Government borrowing has surged, gilt yields have hit their highest level in nearly three decades, and the pound is falling. Overseas investors are pulling back as rising yields and a weaker currency erode returns, leaving Britain with spiralling borrowing costs.
In this video, we break down:
Why the UK budget deficit is getting larger
The impact of soaring gilt yields
How the pound’s fall is hitting investors
The long-term pressures like pensions and debt interest
What this means for the UK economy going forward
Credit to : Joe Blogs