UK long-term borrowing costs highest this century - Sky News

Jan 7, 2025 · UK long-term borrowing costs have hit their highest level since 1998. The unwanted milestone for the Treasury's coffers was reached ahead of an auction of 30-year bonds, known as gilts, this morning.

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Money Blog: UK Long-term Borrowing Costs Hit Highest Level

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Jan 7, 2025 · UK long-term borrowing costs have hit their highest level since 1998. Elsewhere in today's Money blog, world darts champion Luke Littler has paid almost £500,000 in tax, and …

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UK Long-term Borrowing Costs Hit Highest Level Since 1998

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Jan 7, 2025 · UK long-term borrowing costs hit highest level ... The new high came after the Treasury paid its steepest 30-year borrowing cost this century, as it sold £2.25bn of new debt …

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UK Long-term Borrowing Costs Jump To Highest Level Since 1998

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Jan 7, 2025 · UK long-term borrowing costs jump to highest level since 1998 The yield on 30-year gilts increased on Tuesday by four basis points to 5.22%, surpassing the spike seen in 2023.

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Money Blog: Interest Rate Cut Is Good News For Borrowers - Here …

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9 hours ago · There was bad news for Chancellor Rachel Reeves as the Bank cut its UK growth forecast for 2025 from 1.5% to 0.75%; The Bank also said it expects inflation to rise to 3.7%, …

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Money Blog: 'I Bought My Dream Home For £35,000' - What It

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6 days ago · A typical UK house cost £268,213 in January, Nationwide's house price index said. This content is provided by , which may be using cookies and other technologies. To show you …

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Why are Britain's long-term borrowing costs so high?

LONDON (Reuters) -Britain's long-term government borrowing costs hit their highest since 1998 on Tuesday, adding to the problems facing finance minister Rachel Reeves who plans to borrow hundreds of billions of pounds to fund higher public investment and spending. ...

How will government borrowing costs affect the pound?

Sky News' Ed Conway on the impact of increased long-term borrowing costs as they hit their highest level in the UK since 1998. The value of the pound has slid to a nine-month low after government borrowing reached its highest level in 27 years. ...

What if the Treasury repaid its steepest 30-year borrowing cost this century?

The new high came after the Treasury paid its steepest 30-year borrowing cost this century, as it sold £2.25bn of new debt at a yield of 5.20 per cent. Recent gains in interest costs would, if sustained, nearly erase the room for extra borrowing allowed by the chancellor’s own budget rules, economists warned on Tuesday. ...

Why is the cost of government borrowing rising?

Globally, there has been a rise in the cost of government borrowing in recent months sparked by investor concerns that US President-elect Donald Trump's plans to impose new tariffs on imports from Canada, Mexico and China would push up inflation. The cost of government borrowing in the US has seen a similar rise to that of the UK. ...

How much did the Treasury borrow in December?

The Treasury borrowed more than expected last month to record the highest December sum for four years, official figures have shown, with higher debt interest payments adding to the bill. The Office for National Statistics (ONS) reported a net borrowing figure for December of £17.8bn when a sum just above £14bn had been expected by economists. ...

Why is borrowing on the up?

Borrowing is on the up amid a budget-led drive for public sector investment, but the ONS data showed an £8.3bn debt interest bill - the third-highest December total on record. Money latest: UK mortgage rules could be about to change The report said that higher bill was mainly explained by shifts in the rate of inflation linked to the borrowing. ...