UK government borrowing costs fall to lowest level since July

Boost for Rachel Reeves as bond yield falls while she considers tax rises and spending cuts in budgetBusiness live – latest updatesThe UK government’s borrowing costs have fallen to the lowest level since July as Rachel Reeves considers tax rises and spending cuts before next month’s autumn budget.In a boost for the chancellor, the yield – in effect the interest rate – on 10-year UK government bonds has fallen by about 0.15 percentage points this week, after briefly dipping below 4.5% early on Friday for the first time in three months. Continue reading...