The British pound has dropped to its lowest level in nine months, following a rise in UK ten-year borrowing costs to their highest point since 2008. These elevated costs could lead to tax increases or spending cuts as the UK government works to meet borrowing targets. The Government, awaiting forecasts from the Office for Budget Responsibility (OBR) in March, emphasised the importance of stable public finances for economic growth. Opposition figures criticised current borrowing strategies, with some calling for more fiscal discipline to build resilience. Globally, rising borrowing costs, partly influenced by uncertainty surrounding Donald Trump’s proposed tariffs, have contributed to inflation concerns and investor unease. Experts warn these trends could disrupt investment promises and necessitate recalibrated spending plans.