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Could this impact UK borrowing?

When the US national debt grows, it can create a ripple effect on global interest rates. If the US Treasury has to offer higher interest to attract lenders, other countries, including the UK, might also have to pay more to borrow money. This could mean the UK government has less cash for public services or might need to raise taxes.

Stories that explain this

Germany's cabinet to approve 2027 draft budget, borrowing €203.6 billion America's national debt surpasses $40 trillion for the first time

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