UBS On-Air: Paul Donovan Daily Audio 'Threats and freezes'
UBS On-Air: Market Moves · Podcast owner
January 22, 20252m 18s
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Show Notes
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.