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UK ElectionsJune 21

Fund managers says Labour could raise money from bond markets; Investment in UK ‘significantly’ behind G7 peers

Plus: BoE holds interest rates at 5.25%, and more
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Fund managers says Labour could raise money from bond markets; Investment in UK ‘significantly’ behind G7 peersLabour’s Rachel Reeves, the UK shadow chancellor (Image: Hollie Adams/Bloomberg)

Fund managers suggest that a Labour government could raise extra money from bond markets without a significant market backlash, the Financial Times reported.

While shadow chancellor Rachel Reeves has pledged to retain the government’s commitment to trimming the UK’s debt-to-GDP figure in the next parliament, fund managers told the paper that scope remains for borrowing to fund measures to stimulate the economy.

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