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Borrowing costs surge to highest level since 1998 - latest updates

Telegraph
Summary
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73% Informative

The yield on 30-year UK bonds - known as gilts - has risen to 5.22pc today for the first time in more than a quarter of a century .

Bank of England is only expected to cut rates twice this year in response to inflation.

This has put pressure on mortgage rates, which have risen to an average of 5.47pc for a two-year fixed deal.

VR Score

84

Informative language

90

Neutral language

24

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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