UK issues costliest five-year debt since 2008

Britain just sold five-year debt at the highest borrowing cost since 2008, right before the upcoming budget. UK shop price inflation hit its highest level since 2024 as retailers struggle to keep prices down. HSBC's share price dropped 6% this morning, dragging the FTSE 100 down 108 points to 10,659.

How are rising borrowing costs affecting your personal finances or spending plans?

#ukeconomy #inflation #giltyields