Britain’s Cost of Borrowing Reaches 20-Year High

It comes as the price of 30-year UK government bonds has fallen again, amid anticipation that global interest rates will stay high for a longer period of time.
Britain’s Cost of Borrowing Reaches 20-Year High
UK £5, £10, £20, and £50 notes with £1 coins, shown in a file photo dated Jan. 26, 2018. Dominic Lipinski/PA
Evgenia Filimianova
Updated:
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The UK’s cost of borrowing has reached the highest level since 2002, as the interest rate on 30-year government bonds hit 5.05 percent on Wednesday.

The increase in the interest rate comes as the price of 30-year UK government bonds has fallen again, amid anticipation that global interest rates will stay high for a longer period of time.

Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of national stories, with a particular interest in UK politics, parliamentary proceedings and socioeconomic issues.
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