Governments generally spend more than they raise in tax so they borrow money to fill the gap, usually by selling bonds to ...

The fall in the Pound, rising borrowing costs and warning of higher mortgages are a treble blow to Chancellor Rachel Reeves ...

UK gilt yields hit multi-decade highs, with 10-year yields at 4.90% and 30-year at 5.40%. The pound slumped to a 14-month low ...