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Keir Starmer vows not to loosen Labour's fiscal rules despite UK borrowing costs soaring to their highest level since 1998 amid Donald Trump's tariffs carnage - as PM admits even US trade deal 'won't be enough'

Keir Starmer vows not to loosen Labour's fiscal rules despite UK borrowing costs soaring to their highest level since 1998 amid Donald Trump's tariffs carnage - as PM admits even US trade deal 'won't be enough'
The yield on a 30-year gilt, or a UK government bond, hit 5.518 per cent this morning, up 16 basis points and surpassing a previous 27-year high of 5.472 per cent set in January.

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