Pressure rises on Reeves as government borrowing costs hit 27-year high - short news
Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.723%
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Britain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on the chancellor, Rachel Reeves, before the autumn budget.
The yield, or interest rate, on 30-year UK government debt hit 5.723% on Tuesday. That is its highest level since 1998, indicating..
source: The Guardian - 02.09.2025