UK’s long-term borrowing costs hit highest level since 1998

UK government's long-term borrowing costs reached their highest level since 1998 Tuesday, with 30-year gilt yields hitting 5.76%. Rising fuel prices and political uncertainty about Prime Minister Keir Starmer's government drove the increase, surpassing the 27-year high from last autumn. Higher borrowing costs will reduce fiscal headroom available to Chancellor Rachel Reeves.

Summary by Glance · The Guardian Australia – Business