Borrowing money often feels like a simple transaction - you take out a loan, repay it over time, and move on. But beneath the surface, borrowing carries a real price tag that many people underestimate. It's not just about the principal amount you borrow. The true cost includes interest, fees, and the opportunity costs that can shape your financial future for years.
UK government borrowing costs surged as speculation over Rachel Reeves's role as chancellor intensified. City investors flagged a multibillion-pound deficit due to Labour's welfare policy reversal.