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Evening Standard

Business

Graeme Evans

FTSE 100 Live 02 September: Borrowing costs at 27-year high, UK stocks under pressure

Gold United States

FTSE 100 Live - (Evening Standard)

Britain’s long-term government borrowing costs today reached a 27-year high, ramping up pressure on Chancellor Rachel Reeves.

The fears over the UK’s public finances ahead of the autumn budget left sterling 1% weaker against the US dollar. UK stocks in the FTSE 100 also fell.

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