UK borrowing costs at highest for a year after Budget

Getty ImagesThe cost of UK government borrowing has risen to its highest level for more than a year in the wake of Wednesday’s Budget.The interest rate – the so-called yield – the government has to pay lenders when it borrows money from them over a 10-year period, climbed above 4.5% on Thursday before falling back.Yields have been driven higher after the chancellor announced a sharp rise in government borrowing…