Government borrowing costs near 28-year high – what it means for you
- Posted on May 13, 2026
- By The Daily Star
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- 1 min read
Government borrowing costs near 28-year high – what it means for you
UK government borrowing costs have surged to their highest level in nearly 28 years, potentially pushing up mortgage rates and forcing cuts to public spending. Here's what rising borrowing costs could mean for your finances and taxes
