UK Government Borrowing Costs Surge to 28-Year Peak Amid Labour Leadership Turmoil
UK long-term borrowing costs skyrocketed to their highest level since 1998 on Tuesday, driven by investor anxiety over potential changes in the Labour Party leadership. The uncertainty surrounding Labour’s future tax and spending policies sent yields on 30-year government bonds—known as gilts—soaring to 5.81%, a significant 14 basis point jump, sparking concerns of sustained volatility in the bond market.












