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المشهد العربي
Britain faces peak borrowing costs
The British government is preparing to issue long-term bonds maturing up to 2056, amid rising bond yields due to a decline in global debt markets. This has caused the yield on the 30-year UK sovereign bonds to reach 5.846%, with expectations that borrowing costs will reach levels not seen since 1998. This move comes amid concerns over energy inflation, growing budget deficits, and private sector debt exceeding 94% of GDP by the end of July, the highest level in fifty years, thereby exerting significant pressure on the UK’s public finances.
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