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UK long-term borrowing costs reach 28-year high

yields on government bonds mean the government will face higher debt interest costs. It also strains Chancellor Rachel Reeves' spending power as she works to keep to her budget rules. The two main ones

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

currently anticipated, which would risk plunging the economy into a recession in the second half of this year. A barrel of Brent crude oil was trading at $111 on Tuesday. Calling this “severe but plausible