UK borrowing costs hit highest level since 2008 financial crisis
The interest rate on government debt is climbing over fears about inflation, interest rates, and public spending, experts have said.
The UK's borrowing costs have hit their highest level since the 2008 financial crisis as the energy price surge sparked by the US-Israel war with Iran has raised fears over the state of the public finances.
The benchmark rate for government's long-term borrowing costs has climbed above 5%.
As everyone guessed, Starmer et. al. are blaming the Tories for their incompetence. They've raised tax to an eye watering amount and are racking up a larger deficit. Incompetence at an exceptional level operating at an exceptional speed.