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    Government Borrowing Costs Hit 28-Year High

    2 weeks ago

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    Long-term government borrowing costs in the UK have surged to their highest levels in 28 years, driven by a global bond sell-off amid rising oil prices and inflation concerns. The yield on 30-year UK government bonds reached 5.89%, while the 10-year gilt rose to 5.223%, marking significant increases that will impact borrowing costs for the government ahead of the upcoming Budget.
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