Politics · 13 May 2026
Starmer leadership fears push borrowing costs to 1998 high
Photo by Tima Miroshnichenko on Pexels
Fears about potential changes to Labour's tax and spending plans have unsettled investors, causing significant market jitters. This uncertainty over Prime Minister Sir Keir Starmer's future led to UK long-term borrowing costs soaring on Tuesday, though they later eased slightly. The yield on 30-year government bonds hit 5.81%, its highest level since 1998.
Reported by Guardian · How we write briefs