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Yield rises above peak reached when Liz Truss’s mini-budget in 2022 caused turmoil in markets

The UK government’s long-term borrowing costs have reached the highest level since 1998 amid investor concerns over Britain’s sluggish growth prospects and stubbornly high inflation.

The yield – in effect the interest rate – on UK 30-year government debt rose by as much as four basis points to 5.22% on Tuesday, above the peak reached after Liz Truss’s mini-budget in 2022 caused turmoil in financial markets, to hit the highest level in 27 years.

Sentiment

-0.12

Bearish/Bullish

07.01.25 07:47

by theguardian.com

Why did Mark Zuckerberg end Facebook and Instagram’s factchecking program?

The social media giant enters a more partisan political era as its CEO pursues Donald Trump’s approval

Meta is shifting to the right, following the prevailing political winds blowing through the United States. A more partisan era now looms for the social media giant and its corporate leaders, though Mark Zuckerberg himself has few personal politics other than ambition.

On Tuesday morning, Meta disbanded Facebook and Instagram’s third-party factchecking program. The company will also recommend more political content across its social networks.

United States of America