Key Takeaway
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budgetBusiness live – latest updatesThe global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget. The yield – effectively the interest rate – on 10-year UK government bonds…
Published September 2, 2026 · Category: News
Overview
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget
The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget.
Details
The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008.
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Source
Originally published at www.theguardian.com.
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What is "Global bond sell-off intensifies as US-Iran tensions stoke inflation fears" about?+
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budgetBusiness live – latest updatesThe global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget.The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.