UK long-term borrowing costs highest since 1998 ahead of October Budget

The UK has high borrowing costs now. These costs are the highest since 1998. This is happening before the October Budget. Andy Burnham is under pressure. This is his first Budget. He must deal with these high costs.

Borrowing costs are important. They affect how much money the government can use. High costs mean the government has less money. Andy Burnham must make decisions. He needs to plan the Budget carefully.