Medium-term borrowing costs for UK government hit 19-year high
by Heather Stewart from World news | The Guardian on (#78XPX)
Investors offload global bonds amid fears of rising inflation, increasing pressure on John Healey ahead of first budget
Medium-term borrowing costs for the UK government hit a fresh 19-year high on Thursday, as investors continued to offload global bonds amid fears of rising inflation.
Recent dramatic moves in government bond markets have been driven by international factors, but will increase the pressure on John Healey ahead of his first budget as chancellor on 28 October.
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