Britain’s long-term government borrowing costs have been sent soaring to 27-year highs, ramping up pressure on Chancellor Rachel Reeves to calm fears over the UK’s public finances ahead of the autumn budget.
The yield on UK government bonds – also known as gilts – jumped to the highest level since 1998, at 5.698%, meaning it costs more for the Government to borrow from financial markets.
MP Esther McVey joins Talk’s Jeremy Kyle to discuss this further.
Credit to : TalkTV