The Caithness Business Index has posted the following article:

UK Borrowing Costs Have Hit Their Highest Level Since The Banking Crisis. An Economist Explains What's Happening

[IMG][/IMG] UK borrowing costs have risen rapidly to their highest level since the banking crisis of 2007-08, with implications for the government's tax and spending plans. Yields on gilts, as UK government bonds are called, have been rising - and these yields are effectively the level of interest that the government pays on its borrowing. [Read Full Article]