UK borrowing costs have hit their highest level since the banking crisis. An economist explains what’s happening
- Written by Linda Yueh, Fellow in Economics/Adjunct Professor of Economics, University of Oxford
If the Bank of England slows the pace of interest rate cuts the cost of borrowing will stay higher for longer.Nigel J. Harris/ShutterstockUK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government’s tax and spending plans. Yields on gilts, as UK government bonds are...
