FT – UK borrowing costs hit post-election record on eve of Reeves’ first Budget

The Financial Times says that, on the eve of the Budget, the cost of the government’s long-term borrowing hit its highest level since the election. The paper says investors have “braced themselves” because Reeves plans to fund much of the new investment by relaxing the government’s fiscal rules and increasing borrowing by more than £20bn a year.

The US election makes the front page, with the paper noting the candidates are in the final push for the White House.