Rachel Reeves, Britain’s top finance official, on Wednesday laid out plans to revive the country’s flagging economy, including supporting the addition of a third runway at Heathrow Airport, after her first budget rocked business confidence. An additional runway is “badly needed” to increase trade and investment, Ms. Reeves said in a speech to business executives. […]
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Governments around the world are uncomfortably watching their borrowing costs rise, following the lead of the U.S. Treasury market. But even in a global rout in bonds, Britain stands out. British government bonds, known as gilts, are suffering a particularly harsh sell-off, as investors recoil from the country’s low economic growth, stubborn inflation and high […]
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