Foreign secretary says Trump’s comments reflect concerns about Arctic security and says there is ‘fine line between free speech and hate speech’ when asked about Musk

Darren Jones, the chief secretary to the Treasury, is responding to the UQ about borrowing costs.

He says there is a long-standing convention that the government does not comment on movements in the financial markets, and that will not change today, he says.

The Debt Management Office’s gilt sales operations continue to see strong demand, with the latest auction held yesterday receiving three times as many bids as the amount on offer.

There should be no doubt of the government’s commitment to economic stability and sound public finances. This is why meeting the fiscal rules is non negotiable.