#debtmanagementoffice — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #debtmanagementoffice, aggregated by home.social.
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#ThamesWater collapse could trigger Truss-style borrowing crisis, Whitehall officials fear
Officials in the #Treasury and the UK’s #DebtManagementOffice fear that, unless the #UK’s biggest #WaterCompany is #renationalised as soon as possible, “prolonged uncertainty” about its fate could “damage confidence in UK plc at a sensitive time”, with elections in the UK and the US later this year.
https://www.theguardian.com/business/2024/apr/28/thames-water-collapse-borrowing-whitehall-uk-finances-bonds-liz-truss
#ToryPoliciesInAction #ThatchersLegacy -
Disastrous #Truss #budget forced #UK #councils to take out massive 50-year #loans at soaring rates
#DebtManagementOffice figures show lasting impact of mini-budget that spooked #FinancialMarkets, says Labour’s #AngelaRayner
https://www.theguardian.com/society/2024/feb/10/disastrous-truss-budget-forced-uk-councils-to-take-out-massive-loans-at-high-interest-rates
#ToryPoliciesInAction #ToryFinancialIncompetence