Global bond sell-off piles new pressure on UK borrowing costs before budget
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Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvreBusiness live – latest updatesInternational bodies warn of rising debt and borrowing risksBurnham stands by claim UK is ‘in hock’ to bond markets...
Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvre
A global sell-off in government bonds has put fresh upward pressure on UK borrowing costs, before a tough budget for John Healey next month.
The yield – effectively the interest rate – on 10-year UK bonds, known as gilts, had risen to 5.38% by mid-morning on Thursday, approaching the 19-year high set last week.
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https://www.theguardian.com/business/2026/sep/24/global-bond-sell-off-pressures-uk-borrowing-costs-budget
