{"value":{"id":1758093,"askingMemberId":1796,"askingMember":null,"house":"Lords","memberHasInterest":false,"dateTabled":"2025-01-22T00:00:00","dateForAnswer":"2025-02-05T00:00:00","uin":"HL4333","questionText":"To ask His Majesty's Government what assessment they have made of government borrowing costs in December 2024 and whether they intend to adjust their expenditure as a result.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4559,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2025-02-05T00:00:00","answerText":"<p>The government does not comment on specific financial market movements. Gilt yields are determined by a wide range of international and domestic factors, and it is normal for the yields of gilts to fluctuate when there are wider movements in the global financial markets.</p><p> </p><p>The Chancellor has commissioned the Office for Budget Responsibility for an updated economic and fiscal forecast for the 26th of March, which will incorporate the latest data and provide a clear assessment of our performance against the fiscal rules.</p><p> </p><p><strong> </strong></p><p><strong> </strong></p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Public Expenditure","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1758093","method":"GET"}]}