UK Prime Minister: Stable markets needed for reform

British Prime Minister Andy Burnham emphasized that market stability is essential for the success of the country's public finance reforms. He confirmed that confronting the challenges of public debt and rising borrowing costs—levels not seen in decades—is a crucial step in creating favorable conditions for broader reforms and improving the state of public finances. He pointed out that the current increase in borrowing costs reflects investors' concerns about the government's ability to control spending. Expectations point to a rise in the fiscal deficit before the scheduled budget announcement on October 28, with borrowing in August reaching £18.3 billion—surpassing expectations. Market stability is considered a fundamental factor enabling the government to implement economic reforms aimed at addressing financial challenges and achieving long-term sustainability.

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