US bond market jitters spark UK economy recession warning
Analysts warn that rising US borrowing costs and a potential debt sell-off could trigger a severe recession in the UK. High yields on US Treasuries are creating global economic instability, threatening to increase mortgage and corporate debt costs.
Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Add as a preferred source on Google The consequences of a US debt sell-off would be 'very bad' for the UK (Pic: AP) The UK economy could be plunged into a recession an "order of magnitude" greater than recent financial crises if America's borrowing costs continue to climb over the rest of the year, a group of leading City analysts have warned.
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