Fears UK is heading for 'economic oblivion' as government borrowing costs soar to 27-YEAR high after Starmer's reshuffle 'sidelined' Reeves

Yields on 30-year UK bonds, known as gilts, leapt to just below 5.7 per cent, the highest level since 1998 in the wake of a reshuffle seen as sidelining Rachel Reeves.