UK long-term borrowing costs hit highest since 2008 ahead of October Budget
The yield on 30-year gilts hit its highest level since 1998, adding to the pressure on government spending.
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Notable Quotes
"Markets are getting a lot more choice about who they are going to lend to and at what interest rates."
— Karen Ward , Executive
"Of course, this is red lights flashing."
— Kathleen Brooks , Academic
Key People
Andy Burnham is the chief minister of Jersey and a prominent Labour Party figure.
John Healey is the UK's Defence Secretary who recently resigned due to concerns over military funding.
Karen Ward is the chief market strategist for Europe at JP Morgan.
Kathleen Brooks is the research director at investment company XTB.
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The yield on 30-year gilts hit its highest level since 1998, adding to the pressure on government spending.
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