Politics · 1 September 2026
UK borrowing costs near 30-year high before Autumn Budget
Unsplash / Nick Fewings
The cost of new government debt is almost at its highest level in nearly three decades, creating a difficult situation for the upcoming Autumn Budget. Persistent inflation, high borrowing, and political instability are driving up the rates investors demand for UK debt. Chancellor John Healey faces soaring debt interest costs as he prepares his first Budget on October 28.
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