Birdwatch Note Rating
2025-01-09 17:55:12 UTC - HELPFUL
Rated by Participant: E654E5FE3A98860D67D5BEF89E360BB2922663F5536E7225AB99602EDDD25539
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 By 29 September, 40% of mortgage products had been withdrawn from the UK market.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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