Borrowing costs rise at fastest pace since Truss mini-budget

MSN
2026.03.06 19:19
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Britain's borrowing costs are increasing rapidly, the fastest since the Liz Truss mini-Budget crisis, due to market reactions to the war in Iran. The yield on 10-year UK gilts has surged over 0.4 percentage points this week, rising from 4.23% to 4.69%. This represents the sharpest increase in government bond yields recently.