@thetruism · 16d ago
UK long-term borrowing costs reach highest level since 1998
United Kingdom long-term borrowing costs have surged to their highest level in 28 years, threatening to heavily impact Chancellor Rachel Reeves' spending headroom ahead of the upcoming Autumn Budget.
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The numbers
London
Increased borrowing costs could halve the Chancellor's budget headroom
- UK long-term borrowing costs have risen to their highest level since 1998
- Increased borrowing costs could halve the Chancellor's budget headroom
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- How the Treasury plans to adjust its tax and spending proposals in response to higher borrowing rates.
- Whether market volatility on UK government bonds will persist as the October Budget approaches.
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