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UK government borrowing costs fall as City welcomes ‘no harm’ budget’ – business live

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Pound steady and gilt yields fall as chancellor ‘navigates first budget without spooking gilt markets,’ experts say The pound is steady and gilt yields dipped, a day after John Healey delivered a cautious set of tax and spending plans in his maiden budget to help households hit by “global economic storms,” as he put it, which had little impact on markets. Sterling – the best performing major currency against the dollar this month with a 0.5% gain – dipped 0.1% against the greenback to $1.3310. It has gained a similar amount against the euro in October. The UK budget announcement has proven the

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