UK borrowing costs hit highest for 18 years as uncertainty over PM continues

The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher. 23 minutes ago Share Save Add as preferred on Google Michael Race Business reporter Government borrowing costs jumped on Tuesday amid uncertainty over the future of Prime Minister Sir Keir Starmer. The effective interest rate on borrowing over 10 years briefly hit 5.13%, near levels last seen during the 2008 global financial crisis. Keir Starmer Inflation UK economy The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher. UK borrowing costs hit highest for 18 years as uncertainty over PM continues