Birdwatch Note Rating
2025-01-10 22:59:41 UTC - HELPFUL
Rated by Participant: 92D35937B641491A8183131AB5FA820773EEE4DFCB08A38B3E36742CA3D1DBE4
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 By 29 September, 40% of mortgage products had been withdrawn from the UK market.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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