Global bond sell-off piles new pressure on UK borrowing costs before budget
Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor's room for manoeuvre. Business live - latest…


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Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor's room for manoeuvre. Business live - latest…

British defense stocks are marching higher once again after the U.K. confirmed a near-$20 billion military spending boost on Tuesday.

The U.K. is counting votes after an election of local councilors and devolved governments on Thursday.

High energy prices have stoked inflation fears that could force the Bank of England to increase rates even as the economy struggles.
Focus on U.K. spending, as well as on the delayed nature of many of the government's tax raises, weighed on sentiment.
Sterling fell to a one-month low against the euro after weak jobs data on Tuesday and ahead of Wednesday's U.K. spending review.
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