Revision History

1 revisions for "Britain's Borrowing Crisis: How a Labour Leadership Meltdown Sent Gilt Yields to a 28-Year High"

UK 30-year gilt yields surged to 5.81% on 12 May 2026 — the highest since 1998 — as 77 Labour MPs called for Prime Minister Keir Starmer to resign following devastating local election losses. The political crisis compounds an Iran-war-driven inflation shock and raises the prospect of emergency fiscal action, though some analysts argue the market reaction reflects global dynamics rather than UK-specific sovereign risk.