Global bond sell-off piles new pressure on UK borrowing costs before budget
Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvre Business live – latest updates International bodies warn of rising debt and borrowing risks Burnham stands by claim UK is ‘in hock’ to bond markets A global sell-off in government bonds has put fresh upward pressure on UK borrowing costs, before a tough budget for John Healey next month. The yield – effectively the interest rate – on 10-year UK bonds, known as g
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Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvre
- Business live – latest updates
- International bodies warn of rising debt and borrowing risks
- Burnham stands by claim UK is ‘in hock’ to bond markets
A global sell-off in government bonds has put fresh upward pressure on UK borrowing costs, before a tough budget for John Healey next month.
The yield – effectively the interest rate – on 10-year UK bonds, known as gilts, had risen to 5.38% by mid-morning on Thursday, approaching the 19-year high set last week.
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About this article
- Length
- 102 words · 1 min read
- Published
- September 24, 2026
- Byline
- Heather Stewart Economics editor
- Source
- The Guardian