UK government borrowing costs have surged above 5 per cent, reigniting fears among economists and investors that the country is entering a period of sustained fiscal strain not seen in decades.
According to The Times, long-term gilt yields have remained 'jammed above 5 per cent' amid persistent inflation pressures, elevated government spending expectations, and growing political uncertainty. The move places UK debt markets under renewed strain, with borrowing costs now hovering at levels last seen during periods of acute financial stress.
