Pound falls as UK long-term borrowing costs hit highest level since 1998
Rise in gilt yields adds to pressure on chancellor Rachel Reeves ahead of Budget
Rise in gilt yields adds to pressure on chancellor Rachel Reeves ahead of Budget

Gilts hit hard by global rise in bond yields as ‘stagflationary’ concerns add to pressure on economy

Gilts sell off after government ditches plan to increase income tax rates

Shortfall between April and August highlights challenge for chancellor Rachel Reeves in November Budget

UK 10-year government borrowing costs see biggest weekly fall since April

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

Tax rises alone will not be enough to meet chancellor’s fiscal rules in Budget, say leading bond market figures