General · 1 September 2026
UK 30-year borrowing costs hit 28-year high: What's driving it?
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The yield on 30-year government bonds climbed to 5.89% on Tuesday during a wider global bond sell-off. Andy Burnham's administration faces this fiscal pressure ahead of the 28 October budget delivered by John Healey, the chancellor. International factors like rising oil prices and expected rate hikes by the Bank of Japan drove the drop.
Reported by The Guardian · How we write briefs