Business · Economy · 17 hrs ago

John Healey heads to IMF meeting amid warning over UK borrowing

John Healey heads to IMF meeting amid warning over UK borrowing

Chancellor John Healey is due to travel to Bangkok for the International Monetary Fund’s annual meeting.

The Bank of England governor has warned that the government needs to balance the books.

The warning said failure to do so could risk turmoil in bond markets.

Bond markets are where governments borrow money by selling bonds.

The warning is hanging over Healey’s trip to the meeting.

The available information does not say what decisions or announcements are expected there.

Sources

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