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Explained in plain English

How do global conflicts affect us?

The conflict in the Middle East is a major factor driving up global borrowing costs. This means it's more expensive for countries worldwide to borrow money, impacting their ability to fund public services and investments. This global trend can have ripple effects, influencing economic stability and growth everywhere.

Stories that explain this

UK borrowed £24.5bn in September, more than economists expected, a week before Budget Americans face record high petrol prices this Labor Day weekend

Related explainers

Why are borrowing costs rising? What will the Budget change? What is Labor Day? How much did the UK borrow? How much is UK debt interest? Could my holiday cost more? Why is petrol so expensive? What's a 'gallon' of petrol?

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