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UK borrowing costs hit 28-year high in bond market rout and markets ramp up BofE rate hike bets as soaring oil and gas prices fuel inflation fears

Daily Mail Money · 11 September 2026 at 07:53

UK borrowing costs hit 28-year high in bond market rout and markets ramp up BofE rate hike bets as soaring oil and gas prices fuel inflation fears

UK borrowing costs have hit a fresh 19-year high amid a renewed bond market rout sparked by global inflation fears and signs that Labour plans to continue its welfare splurge.

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UK borrowing costs hit 28-year high in bond market rout and markets ramp up BofE rate hike bets as soaring oil and gas prices fuel inflation fears

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