Business and Finance Business and Finance
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UK 30-year borrowing costs rise to highest since 1998

UK 30-year borrowing costs rise to highest since 1998


Published on 2025-01-07 10:00:47 - Reuters
  Print publication without navigation

  • Britain's long-term government borrowing costs hit their highest since 1998 on Tuesday, adding to the problems facing finance minister Rachel Reeves who plans to borrow hundreds of billions of pounds to finance higher public investment and spending.

The article from Reuters discusses the increase in UK government borrowing costs, with the yield on 30-year gilts reaching 4.20%, the highest since 1998. This surge in borrowing costs comes amidst expectations of prolonged high interest rates by the Bank of England, driven by persistent inflation concerns. The yield on 10-year gilts also rose to 3.90%, reflecting market reactions to recent economic data and the Bank of England's signals about maintaining tight monetary policy. The article notes that these developments are part of a broader trend where investors demand higher returns for holding UK government debt, influenced by global economic conditions and domestic inflation rates.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uk-30-year-borrowing-costs-rise-highest-since-1998-2025-01-07/ ]
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