![Cost of insurance against UK debt default has more than doubled over last year](https://cdn.newsserve.net/ONPglobe256.png)
Cost of insurance against UK debt default has more than doubled over last year
The cost of insuring the UK’s debt against default has more than doubled in the past year, as rising rates, increased borrowing and a deteriorating economic environment spooked investors. According to exclusive data from reinsurance firm Chaucer, the cost of a credit default swap (CDS) on the UK’s debt has increased 131 per cent. A [...]
Full Article