UK Poised to Pay Highest Borrowing Costs Since 1998
18 Articles
18 Articles
The British government has paid as high interest on its government bond as ever since the establishment of the government debt administration, which makes the budgeting of the new finance minister more difficult.
Continued inflation has increased the cost of long-term loans worldwide, and the rate of interest on British government bonds has also increased as high as it has not since 1998.
UK debt management has placed a 30-year government bond in the volume of £4.25 billion on Tuesday. The yield was 5.8168 percent – as high as no comparable issue since the founding of the financial agency in 1998.
UK poised to pay highest borrowing costs since 1998
The UK is set to pay the highest yield on new debt in nearly 30 years in a sign of the growing economic pressures facing the Chancellor John Healey as he draws up his first Budget. The Debt Management Office is marketing a 30-year bond at 0.75 basis points over the yield of the government’s [...]
UK bond yields are near their highest levels in decades, following a global debt market selloff that hit gilts harder than bonds in other major developed economies.
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