UK borrowing costs hit 27-year high adding to pressure on Reeves

Tom EspinerBusiness reporter, BBC NewsGetty ImagesLong-term government borrowing costs in the UK reached their highest level since 1998 on Tuesday, as concerns over the country's economic outlook combined with a global move higher in bond yields.The move adds to the pressure on Chancellor Rachel Reeves ahead of the upcoming Budget, where expectations are rising that she will increase taxes to bolster government…