UK Borrowing Costs Hit 27-Year High Adding to Pressure on Reeves

No 10 insists Reeves’ authority not dented by reshuffle after market jitters

Downing Street underscored ministers’ continuing commitment to fiscal rules as government borrowing costs surge

Pound drops as 30 year gilt yields at highest level this century

Sterling is on course for the biggest one-day drop since April, when US President Donald Trump's announcement of country-specific tariffs spooked markets.

UK borrowing costs hit 27-year high adding to pressure on Reeves

The interest rate on UK 30-year bonds hits the highest since 1998 as concerns over the economic outlook continue.

Pressure rises on Reeves as government borrowing costs hit 27-year high

Chancellor will face more limited fiscal headroom at budget after yield on 30-year bond increases to 5.68%Business live – latest updatesReshuffle gymnastics prepare Starmer to walk tricky budget tightropeBritain’s long-term borrowing costs have hit their highest level in 27 years, intensifying the pressure on chancellor Rachel Reeves before the autumn budget.The yield, or interest rate, on 30-year UK government debt hit 5.680% on Tuesday morning…