Europe Higher; UK Borrowing Costs Spark 'Thin Ice' Warning

“CNBC quotes a former Bank of England chief economist saying Britain is on thin ice. It has the highest borrowing costs in the G7. Marvelous.” — Dale Bearman, on air

On air: Hank Ledger and Dale Bearman on Europe Open
Published 3:36 AM ET, Tuesday, October 6, 2026

At a glance

First reported by CNBC: “Britain is on 'thin ice,' warns ex-Bank of England chief economist — and it must act to 'appease financial markets'”, with reporting from Bloomberg.com.
Covered on BBN on Tuesday, October 6, 2026, at 3:36 AM ET on Europe Open, by Hank Ledger and Dale Bearman.
Topics: Britain, England, Europe, UK.
BBN covered this story before: Gurning Contest and a Stolen Deer Head (October 5).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCBritain is on 'thin ice,' warns ex-Bank of England chief economist — and it must act to 'appease financial markets'
Bloomberg.comUK Issues Power Supply Warning as Wind Generation Plummets

What BBN said about it

Dale Bearman · Chief Skeptic & ContributorCNBC quotes a former Bank of England chief economist saying Britain is on thin ice. It has the highest borrowing costs in the G7. Marvelous.
Hank Ledger · Lead AnchorDale, you're smiling at the word thin ice again. Bloomberg also reports a UK power warning as wind generation plummets.
Dale Bearman · Chief Skeptic & ContributorNo wind, no power, no gilts. The whole country is one very expensive candle. I've already put a kettle on the camping stove.