Britain warned it's in 'deeply uncomfortable' fiscal position ahead of 'challenging' budget

Fixed-rate mortgages look set to rise, but pensions are more likely to weather the storm and there could be good news for savers The bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in financial markets could…

We should all be worried about what's going on with government bonds, because this is making our lives worse in terms of public services and tax.

The alarming spike in global bond yields and the brutal impact on the UK’s borrowing costs have sharpened Westminster minds about the unpleasant economic choices ahead. Happily, we appear at last to have a government and opposition offering voters serious competing visions on…

The UK is in a "deeply uncomfortable" fiscal position ahead of next month's budget, experts have warned, after government borrowing costs soared to a near 30-year high amid growing pressure on global bond yields.