Plunge in value of Treasury bond fund could cost £8,900 for every household in UK, Labour says

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Plunge in value of Treasury bond fund could cost £8,900 for every household in UK, Labour says
Danmark Seneste Nyt,Danmark Overskrifter
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The Opposition has accused the government of having 'slipped out' Treasury accounts showing the value of a bond fund has gone from a £73.6bn asset in 2020 to a £177.6bn liability

But the Conservative Party said the only"black hole" facing Britons is"the £90bn unfunded spending splurge that Labour would slap on families across the country".

With soaring inflation and rising interest rates since the COVID pandemic, the value of the fund has fallen dramatically - and according to the Treasury's annual report, the impact of Mr Kwarteng's mini-budget also contributed to the drop in value. She said in a statement:"This Tory bond black hole will land working people with another astronomical bill for years to come.

"All of them are guilty of putting their short-term political ambitions ahead of the long-term economic interests of the country.

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