UK borrowing costs hit highest levels since 2008 as political uncertainty grips markets. The 10-year gilt yield surged 10 basis points to 5.103%, while 20-year and 30-year yields reached their highest since 1998, climbing 10 and 11 basis points respectively. The sharp increase in government bond yields reflects growing market concerns over political stability in Britain, with Prime Minister Keir Starmer facing mounting pressure to resign. Rising gilt yields signal deteriorating investor confidence and suggest higher borrowing costs ahead for the UK government. This development carries significant implications for economic policy and fiscal planning during a period of heightened political uncertainty.
