Economics
Boris Johnson’s Splurge Gets Green Light From Investors
- Yields near record lows despite plans to increase spending
- U.K. government to step up investment in infrastructure
Boris Johnson
Photographer: Andy Rain/EPA/Bloomberg
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The bond market is signaling approval of U.K. Prime Minister Boris Johnson’s planned spending spree.
With the March 11 budget looming into view, the average cost of government borrowing is close to the lowest levels on record. That’s even with Chancellor of the Exchequer Rishi Sunak expected to announce billions of pounds of extra spending as the nation leaves the European Union.