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Lord Livermore (Lab)

Speaking in the House of Lords on 9 January 2025

Debate

Public Finances: Borrowing Costs

Contribution

I repeat to the noble Lord what I said in my opening remarks. Financial markets are always evolving, so it is a long-standing convention that the Government do not comment on specific financial market movements. I will not break that convention today. Financial market movements, including changes in government bond or gilt yields, which represent the Government’s borrowing costs, are determined by a wide range of international and domestic factors.

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