Oil falls below $100 a barrel; UK government borrowing paints ‘dismal picture’ as bond vigilantes assemble – as it happened

The rising cost of servicing the UK national debt pushed up borrowing last month, while oil is dropping, and M&G holds Bond Vigilantes Forum in London How much ‘headroom’ might John Healey still have to keep within the government’s fiscal rules? That’s the question dogging Westminster and the City. “The chancellor has probably lost about half the headroom he inherited,...