UK pays highest borrowing rate since 1998; Bank of England governor warns oil price ‘could be higher’ – business live

UK borrowing costs jumped at debt auction today, as MPs quiz the Bank of England about inflation risksGas prices are rising this morning, putting pressure on European countries who need to stock up their storage levels before the winter.The month-ahead UK gas price is up around 1% at 184p a therm, close to yesterday’s highs when gas hit its highest since January 2023. Continue reading...