BackUK Bond Market Sees Highest Yields in 28 Years Amid Political Turbulence

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Guardian Business5/13/2026BusinessUnited Kingdom

UK Bond Market Sees Highest Yields in 28 Years Amid Political Turbulence

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UK long-term bond yields hit 28-year highs amid Labour leadership uncertainty and Reform party's election gains, triggering investor concerns over potential leftward shift, higher borrowing, and spending.

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UK consumer confidence rose significantly in July, driven by the prospect of Andy Burnham becoming PM, England's World Cup run, and hopes for Middle East peace. Despite this, personal finance outlook remained cautious, and rising oil prices from renewed US-Iran conflict threaten inflation forecasts.

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UK Bond Market Sees Highest Yields in 28 Years Amid Political Turbulence

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