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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

Fears over UK borrowing costs as US jobs figures prompt bond market volatility

United Kingdom United States Rachel Reeves Inflation Interest Rates
Bank of England
The UK’s long-term borrowing costs have hit the highest levels since 1998. Photograph: Amer Ghazzal/Rex/Shutterstock

Concerns over the UK government’s borrowing costs were revived on Friday after stronger than expected US jobs figures triggered volatile conditions in global financial markets.

In an accelerating global bond market sell-off, investors warned that the UK was particularly exposed amid growing fears over stubbornly high inflation and higher for longer interest rates.

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