U.K. Pound, Bonds Extend Slide Spurred by Government's Borrowing Plans

U.K. Pound, Bonds Extend Slide Spurred by Government's Borrowing Plans · The Wall Street Journal

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A second day of selling swept U.K. markets after the government unveiled plans Wednesday to borrow aggressively to fund big investment plans. The Labour government had previewed many of its planned tax rises and investment in the weeks heading into the budget. Investors dumped U.K. bonds.