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Keir Starmer vows not to loosen Labour's fiscal rules despite UK borrowing costs soaring to their highest level since 1998 amid Donald Trump's tariffs carnage

The yield on a 30-year gilt, or a UK government bond, hit 5.518 per cent this morning, up 16 basis points and surpassing a previous 27-year high of 5.472 per cent set in January.


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