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