{
  "id": 6304689,
  "title": "UK government pays highest interest rate on 30-year bond since 1998",
  "url": "https://urgent.news/2026/09/08/uk-government-pays-highest-interest-rate-on-30-year-bond-since-1998",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T17:47:30.000Z",
  "source": {
    "name": "Guardian Business",
    "slug": "guardian-business",
    "url": "https://www.theguardian.com/business/2026/sep/08/uk-government-pays-highest-interest-rate-on-30-year-bond-since-1998"
  },
  "original_language": "en",
  "account": "The UK government recently paid the highest interest rate for a 30-year bond since 1998, highlighting the fiscal challenges faced by Chancellor John Healey. The Treasury paid 5.82% to borrow £4bn, marking the highest rate since the Debt Management Office was established in 1998. Healey emphasized his determination to balance the books during a speech in Coventry on Monday. Market concerns over inflation and public debt, fueled by rising oil prices due to the Middle East conflict, contributed to the higher borrowing costs. The Bank of England's governor, Andrew Bailey, warned of potential upside risks to inflation, attributing the mortgage rate increase to energy price hikes. He noted that UK mortgage rates are now about three-quarters of a percent higher than before the conflict. Bailey reiterated that higher borrowing costs have already impacted consumers without the Bank's direct intervention.",
  "summary": "High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey. Echoing the global bond market sell-off that has driven up yields, or interest rates, on government…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}