UK Borrowing Costs Hit 28-Year Peak as Bond Sell-Off Intensifies Fiscal Pressure on Burnham
UK government borrowing costs have hit their highest level in nearly three decades, with 30-year gilt yields reaching 5.89% and 10-year yields at 5.23%. The surge, driven by Middle East tensions and inflation concerns, constrains fiscal headroom ahead of Prime Minister Burnham's October Budget.
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