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Cutting the basic rate will cost the Exchequer £8.1bn.
The city argues that it would face "irreparable harm" if the sale is delayed, because interest rates are rising and each percentage point in the interest rate will cost the city corporation $25 million in interest on the deal.
A percentage-point rise in the 30-year bond rate will cost investors 15% of their capital.
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The Bipartisan Policy Center calculated that the higher rates will cost taxpayers about $19 billion.
The SaveNetRadio campaign group estimates that the new rates will cost the fledgling industry around $1bn, increasing payments to artists and labels by as much as 300%.
On £100 billion of debt, an extra percentage point on rates will cost £1 billion a year, or almost all the revenue from higher earners.
I reserved the Sheraton Commander for $229 a night, figuring that if something better turned up later I could cancel without penalty since the Sheraton was not an Expedia Special Rate hotel (be warned: Suzi LeVine, an Expedia spokeswoman, said that canceling Special Rate hotels, a category that offers guaranteed low rates, will cost $25).
While the keenest rates in today's embattled mortgage market are still reserved for borrowers sitting on a comfortable equity cushion of 40percentnt of their property value, there is one thing lenders still don't discriminate on; access to the lowest rates will cost you dear, no matter what your loan-to-value.
All told, Goldman thinks the combination of defaults and low recovery rates will cost bondholders 37 cents on the dollar in the next five years.A second problem for the corporate-bond market is that optimism about the scope for an imminent end to the financial crisis has dissipated.
California's lower credit rating will cost state taxpayers hundreds of millions of dollars in higher interest payments, according to a state official.
Estimating that the rate increase will cost their industry $300 million in the next two years, magazine publishers are going -- well -- postal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com