* . *
The Guardian

UK long-term borrowing costs at highest since 1998 amid fears over weak growth

The Guardian on
UK long-term borrowing costs at highest since 1998 amid fears over weak growth



Yield rises above peak reached when Liz Truss’s mini-budget in 2022 caused turmoil in marketsThe UK government’s long-term borrowing costs have reached the highest level since 1998 amid investor concerns over Britain’s sluggish growth prospects and stubbornly high inflation.The yield – in effect the interest rate – on UK 30-year government debt rose by as much as four basis points to 5.22% on Tuesday, above the peak reached after Liz Truss’s mini-budget in 2022 caused turmoil in financial markets, to hit the highest level in 27 years. Continue reading…



Source link : https://www.theguardian.com/business/2025/jan/07/uk-long-term-borrowing-costs-at-highest-since-1998-amid-fears-over-weak-growth

Author : Richard Partington Economics correspondent

Publish date : 2025-01-07 16:07:00

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

you might also like

.. . . . . . . . . . . . . . . . . . . . . . . . . %%%. . . * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ - - - - - - - - - - - - - - - - - - - - . . . . .