City AM
City AM
UK · 3 hrs ago

Healey facing £6bn hit as UK borrowing costs reach highest point since financial crisis

UK borrowing costs have hit their highest level since the financial crisis as gilts were swept up in a mass rout across global bond markets.  The UK government is set to pay a higher rate on debt interest as 10-year gilt yields, the benchmark for borrowing costs, were up by as much as 15 basis…
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