UK long-term borrowing costs jump to highest level since 1998
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s long-term government borrowing costs have lifted to their highest level since 1998, in a potential blow for the Chancellor Rachel Reeves. Globally, there has been a wider sell-off in government bonds in recent months in the face of worries that President Donald Trump could introduce a tariff policy which would be inflationary for many international economies. On Tuesday, the UK’s Debt Management Office sold £2.25 billion on 30-year notes, with a yield of 5.19%.
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