UK Edition
The GuardianWednesday, 6 May 2026
Click image to view full size
Labour under pressure after UK borrowing costs hit 28-year high
Fears long-term bonds sell-off could blow hole in Reeves's spending plans
The paper frames the rising borrowing costs primarily as a domestic political vulnerability for the Labour government. The focus is on the structural threat these market shifts pose to the Chancellor's fiscal strategy.
UK government bond yields have spiked, increasing the cost of state borrowing. This economic pressure threatens the Labour government's ability to fund its public spending pledges without breaching its fiscal rules.
“blow hole in Reeves's spending plans”
“Anxious regarding fiscal constraints”
'Fast-track' hate crime cases, DPP tells staff
Reports on an administrative directive aimed at accelerating prosecutions following an increase in antisemitic attacks.
How bad could the jet fuel crisis get?
Raises forward-looking consumer concerns regarding the aviation industry's operational disruptions.
'Baz was going: more, I want more' The making of Moulin Rouge!
A retrospective entertainment feature providing lighter tonal contrast.
More from The Guardian
Front page image reproduced for the purpose of critical review and commentary — about our editorial use.