UK hit by fresh sell-off in government bond markets as pound weakens - short news
Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets
Rising bond yields leave Reeves with no choice but to plan a ‘muddle-through’ budget
Rachel Reeves was hit by a fresh sell-off in government bond markets on Tuesday, underlining the formidable challenge facing the chancellor in the run-up to the autumn budget.
The yield, or interest rate, on 30-year UK government debt hit its highest level since 1998, at 5.723%,..
source: The Guardian - 02.09.2025