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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'Threats and freezes'

22 Jan 2025

Description

UK government borrowing rose in December. Higher interest payments on inflation-linked debt were a significant part of this. Inflation-linked debt is currently tied to the retail price measure (this will change at the end of the decade. Higher energy prices—themselves a function of government policy—can raise interest payments via inflation.

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