Oil price rise creates more pressure on UK policymakers before budget

Treasury sources concede ‘less room’ for manoeuvre as global bond selloff also hikes government’s borrowing costs International bodies warn of rising debt and borrowing risks Burnham stands by claim UK is ‘in hock’ to bond markets Oil prices lurched upwards again on Thursday, creating a growing headache for UK policymakers ahead of John Healey’s budget next month. While Healey has been keen to present an upbeat picture of the UK’s economic prospects, Treasury sources concede the sharp jump i

Summary aggregated from The Guardian's public RSS feed. The full reporting belongs to The Guardian — please read it on their site.