AssetID: 54422861
Headline: UNCAPTIONED: Pound Hits Lowest Level in Over a Year Amid Rising UK Borrowing Costs
Caption: Pound Hits Lowest Level in Over a Year Amid Rising UK Borrowing Costs. The pound has fallen to its lowest level in over a year, as UK borrowing costs surge to their highest in 16 years, fueling concerns over public finances and the economy. Economists warn that rising costs could force the government to raise taxes or cut spending to meet its borrowing targets. The Treasury reassured that fiscal rules remain non-negotiable, emphasizing the government’s "iron grip" on public finances. Chancellor Rachel Reeves vowed to "leave no stone unturned" in pursuing economic growth and supporting working people, despite mounting economic pressures. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,UK,pound,sterling,fallen,lowest level,over a year,borrowing costs,bank of england,finances,economy,raise,taxes,spending,fiscal rules,non-negtionable,Rachel Reeves,Chancellor
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