Borrowing costs soar - will Rachel Reeves have to go back on her word?

Long term borrowing costs for the government have reached levels not seen since 1998, and 10 year UK gilts are now at their highest point since the 2008 financial crash. Both surpass the levels seen during the Liz Truss premiership - and this hasn't gone unnoticed by the former PM. A set of similar circumstances, but could the consequences be the same? What are the economic - and political - challenges facing Keir Starmer and Rachel Reeves?James Heales speaks to Kate Andrews and Katy Balls to unpack the latest tranche of economic data.Produced by Patrick Gibbons. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: [email protected] Hosted on Acast. See acast.com/privacy for more information.