BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
What are borrowing costs?
Borrowing costs are the interest rate lenders charge for money. When these costs rise, it means it's more expensive for the government, businesses, and individuals to borrow. This can impact everything from national debt to the interest you pay on your mortgage or a loan for a new car.
Stories that explain this
Pound climbs against dollar and euro after UK economy grows 0.3% UK long-term borrowing costs hit new high on inflation fearsRelated explainers
What is the G7? How do global tensions affect my wallet? Why are investors worried? What are Middle East tensions? Will my mortgage go up? Will my savings grow faster? Why do oil prices matter? What does a stronger Pound mean for me?The full catalogue
Browse every card filed under B →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.