Birdwatch Note Rating
2025-01-09 18:58:23 UTC - HELPFUL
Rated by Participant: 6D86B5FF23EF5C415E752C4044C4746C70704651450FF0FD1079CE5CABA92A78
Participant Details
Original Note:
On 23 September 2022, following Truss's 'mini-budget', borrowing costs on 5-year government bonds experienced their largest increase in a single day on record as traders sold off UK assets. By 29 September, 40% of mortgage products had been withdrawn from the UK market. https://en.wikipedia.org/wiki/September_2022_United_Kingdom_mini-budget https://www.bbc.co.uk/news/business-66897881
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