Argentina set for default as bondholders reject new terms

Argentina is on course for a technical default on its government borrowing on Friday as the country continues to hold talks with international...

The Covid-19 bill means the Treasury must live with high borrowing

It was inevitable that borrowing would hit a peacetime record this year. In April alone, the government borrowed more in a single month...

Treasury considers tax hikes and pay freezes to cover Covid-19 costs

Raising taxes or imposing a public sector wage freeze are among the options being considered by ministers to pay for a government borrowing...

Soaring government debt is now inevitable. It’s nothing to fear

It is clear Boris Johnson has favoured his health advisers as he looks to ease the lockdown. Worries about a second coronavirus outbreak...

Coronavirus lockdown tips UK economy into biggest slump on record

Britain’s economy suffered the biggest slump on record this month as the government’s lockdown to tackle the coronavirus pandemic forced businesses to close...

UK seeks to borrow £225bn to fund huge surge in public spending

The government plans to borrow £225bn from bond market investors in just four months to fund the dramatic increase in public spending during...

EU should use perpetual bonds to finance Covid-19 recovery fund | George Soros

The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This...

UK economy could shrink by 35% with 2m job losses, warns OBR

Britain’s economy could shrink by 35% and unemployment rise by more than 2 million people due to the coronavirus crisis, the government’s independent...

Rishi Sunak's dilemma over how to pay for his coronavirus spending | Larry...

It’s a while until payday and a big, unexpected bill has arrived. The money will eventually be there but in the meantime, there...

The Treasury is asking for a big overdraft. Fine, as long as its short-term...

Please don’t mention helicopters or magic money trees. The subtext of the Treasury and the Bank of England’s announcement that the former will...