EconomyFiscal PolicyNational6 May → 7 MayClosed · Final
Is political uncertainty driving up UK long-term borrowing costs?
UK 30-year gilt yields hit 5.77%, the highest since 1998, amid rising fuel prices and concerns over political stability. City analysts link the surge partly to uncertainty from upcoming local elections and potential Labour leadership changes. Potential successors like Angela Rayner and Andy Burnham signal more interventionist spending, which could weaken fiscal rules and further raise yields.
