More large British companies view borrowing as expensive than at any time in the past decade, due partly to financial market turmoil caused by the government's 'mini-budget', according to a survey published on Monday.
People walk along the bank of the River Thames in London, Britain, October 2, 2022. REUTERS/Henry Nicholls
The quarterly Deloitte UK CFO Survey found 56% of chief financial officers at top companies thought credit was costly, the most since 2010. Some 39% said new credit not easy to get. British borrowing costs in financial markets jumped in late September after the finance minister at the time, Kwasi Kwarteng, announced 45 billion pounds of unfunded tax cuts.
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