Macro Finance
UK Long-Term Borrowing Costs Hit 6% for First Time Since 1998
Bloomberg Markets·October 1, 2026·1 min read
The UK's long-term borrowing costs hit 6% for the first time in almost three decades as concerns about entrenched inflation and mounting government debt burdens lifted yields globally. The rise signals market anxiety over fiscal sustainability and could pressure government spending plans and mortgage rates.
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