UK borrowing costs hit highest since 1998 amid Starmer uncertainty

Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership change Business live – latest updates UK politics live – latest updates Long-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell, as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit . Starmer is consulting colleagues before a crunch cabinet meeting on Tuesday morning that comes afte