More pain for Reeves as government borrowing jumps to 26-year high - short news
Chancellor is urged to ‘get a grip’ on the nation’s finances as yield on 30-year bond rises to 5.62%
The cost of UK government borrowing has jumped to near a 27-year high, piling pressure on Rachel Reeves to reveal how she will tackle the deficit in the public finances ahead of the autumn budget.
The yield, or interest rate, on the UK’s 30-year bond rose by eight basis points (0.08 of a percentage point) on Tuesday to 5.62%.
Continue reading...source: The Guardian - 26.08.2025