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GB NEWS
Borrowing costs across the UK, EU and US are on the rise amid global market volatility
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The UK's long-term borrowing costs have surged to a 27-year high, placing further pressure on Chancellor Rachel Reeves's fiscal decisions in the months ahead as the country prepares for the Autumn Budget.
This morning, the 30-year gilt yield soared to hit 5.68 per cent, which is the highest level since 1998. In reaction to this development, the FTSE 100 slipped into the red amid investor anxiety.
Long-term borrowing costs have also skyrocketed to record highs as the global market navigates pressure from US President Donald Trump's tariffs on foreign imports.
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