UK Borrowing Costs Hit 30-Year High

Britain’s finance minister Rachel Reeves is warning that the UK is paying record-high borrowing costs, surpassing even similar nations like Germany, with yields on 15-year bonds hitting over 5% — the highest since 1998. Driven by pandemic debt, energy vulnerability, and geopolitical shocks like the Iran conflict, Reeves stressed the urgency to cut costs before the next budget. While political unity is emerging — including a major mayor backing fiscal discipline — rising uncertainty and reliance on imported gas are compounding the challenge. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/128f598553a25f27