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…
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