Deficits rise to worst level ever following rate cut

Stephanie Baxter
clock • 2 min read

Defined benefit liabilities have risen by an eye-watering £70bn on the back of the Bank of England's (BoE) decision to cut interest rates and launch a new round of quantitative easing (QE).

Analysis by Hymans Robertson shows lowering the base rate to 0.25% and extending QE by £70bn led to 10- and 20-year gilt yields hitting record lows, increasing the total value of DB liabilities to ...

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