UK Borrowing Costs Hit 2008 High; Inflation Fears Deepen Gilt Sell-Off

UK government borrowing costs surged to their highest level since 2008, driven by inflation fears and the economic impact of the Iran war, prompting ministers to begin contingency planning to curb oil demand and safeguard fragile finances.

Coverage

• UK government borrowing costs soar to highest since 2008 amid Iran war
• UK government borrowing costs hit their highest level since 2008 as inflation fears hit the gilt market
• UK borrowing costs hit highest level since 2008 as gilt sell-off deepens

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