Highest UK Debt Costs Since 1998 Risk More Labour Tax Hikes
- Yield on 30-year gilts rises to 5.22% after DMO auction
- Government plans for near record debt sales weigh on market
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The UK’s long-term borrowing costs surged to the highest level in more than a quarter of a century, raising the prospect of Chancellor of the Exchequer Rachel Reeves needing to raise taxes again in order to meet her fiscal rules.
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