UK Borrowing Costs Surge to 1998 Highs Amid Global Economic Volatility
Market Volatility Hits UK Debt Markets UK long-term borrowing costs climbed to their highest level since 1998 this week, driven by a convergence of rising global oil prices, persistent inflation expectations, and mounting political uncertainty. The spike in 30-year gilt yields reflects a growing apprehension among investors regarding the stability of the British economy as…