The Guardian

Pressure rises on Reeves as government borrowing costs hit 27-year high


Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.68%

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Britain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on chancellor Rachel Reeves before the autumn budget.

The yield, or interest rate, on 30-year UK government debt hit 5.680% on Tuesday morning. That is its highest level since 1998, indicating that it will cost the UK more to borrow from the markets, above the previous 27-year high of 5.649% set in April.

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Source link : https://www.theguardian.com/business/2025/sep/02/rachel-reeves-uk-borrowing-costs-budget-bond-yields

Author : Graeme Wearden

Publish date : 2025-09-02 07:29:00

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