Part 2/10:

The UK is currently facing a significant challenge where the interest rate that the government must pay for its borrowing has surged, now resting at approximately 4.83%. This spike has raised alarming questions about the long-term viability of government finances. It marks a stark rise from historically low rates seen in past decades, particularly during the financial crisis of 2008, when rates were often below 2%. With concerns mounting, we examine how these rates impact the perception of whether the government is bankrupt, especially when compared to past lending conditions.