Business · 9 February 2026
UK borrowing costs jump to 4.59 percent as Starmer faces resignation call
UK borrowing costs surged as 10-year government bond yields jumped 7 basis points to 4.59 percent and 30-year yields rose 8 basis points to 5.41 percent. The pound plummeted near year-to-date lows after Scottish Labour leader Anas Sarwar demanded Prime Minister Keir Starmer’s resignation. Simultaneously, Japan’s Nikkei index hit a record high and the yen strengthened following Sanae Takaichi’s election victory, while investors fear political instability could unwind fiscal repairs.
Reported by Guardian · How we write briefs