UK Long-Term Borrowing Costs Hit 28-Year High
The United Kingdom's long-term borrowing costs have surged to their highest level in 28 years. This increase is partly driven by rising oil prices, which are fueling inflation fears.
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The Papers: 'Borrowing costs hit 28-year high' and 'Come cry with me'
The upcoming local elections on Thursday and jet fuel shortages dominate Wednesday's papers.
Read full article →UK long-term borrowing costs hit highest since 1998 as oil surge fuels inflation fears
Yields on 30-year gilts hit 28-year high amid expectations BoE will raise rates two or three times this year
Read full article →UK’s long-term borrowing costs hit highest level since 1998
Rise in bond yields due to fuel prices and political stability concerns will eat away at Rachel Reeves’s fiscal headroom Business live – latest updates The UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability. The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn...
By Heather Stewart Economics editor
Read full article →UK long-term borrowing costs rise to 28-year high
The yield on 30-year UK government bonds – also known as gilts – was up 0.14 percentage points to 5.798% on Tuesday.
By Henry Saker-Clark
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