Pound rises and UK borrowing costs drop as Hunt brings forward debt plan

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Yield on 30-year UK government bonds plummets as chancellor prepares to reverse more of Kwarteng mini-budgetUK government borrowing costs fell sharply and the pound rallied after Jeremy Hunt said he would cut short the emergency price freeze on consumer energy bills and cancel most of unfunded tax cuts in last month’s minibudget. In a surprise statement on Monday, the chancellor said he was bringing forward some of the measures from the government’s medium-term fiscal plan due on Halloween. Continue reading... ...

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