UK long-term borrowing costs jump to highest level since 1998

NAMPA / DPA

2025-01-07

London (PA Media/dpa) - The UK's long-term government borrowing costs have lifted to their highest level since 1998, in a potential blow for the Chancellor Rachel Reeves. The yield on 30-year gilts - the return on government bonds - increased on Tuesday by four basis points to 5.22%, surpassing the spike seen in 2023. It ramps up the pressure on the Treasury's headroom for increased public spending, amid the prospect of higher interest costs. The......

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