Birdwatch Note Rating
2025-01-10 21:25:19 UTC - HELPFUL
Rated by Participant: 9407DC470F1C634DE3A110EBE7A2E83732BD877417B82C1D851324B69D6FE6BF
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 By 29 September, 40% of mortgage products had been withdrawn from the UK market.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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