Report: Oil price rise creates more pressure on UK policymakers before budget

The Guardian — Business has reported on “Report: Oil price rise creates more pressure on UK policymakers before budget,” presenting it as the central development in the source material available for this brief.

The available account reports that treasury sources concede ‘less room’ for manoeuvre as global bond sell-off also hikes government’s borrowing costs International bodies warn of rising debt and borrowing risks Burnham stands by claim UK is ‘in hock’ to bond markets Oil prices lurched upwards again on Thursday, creating a growing headache for UK policymakers ahead of John Healey’s budget next month. The report also notes that While Healey has been keen to present an upbeat picture of the UK’s economic prospects, Treasury sources concede the sharp jump in oil and gas prices means they have “less room” than a month ago.

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