# UK banks tumble as gilt yields hit highest since 1998, budget jitters mount

https://mins.news/en/item/82282

- Reuters, 2026-10-01 17:45 UTC
- Economy
- Original: https://www.reuters.com/business/finance/uk-banks-tumble-gilt-yields-hit-highest-sine-1998-budget-jitters-mount-2026-10-01/?link_source=ta_bluesky_link&taid=6abe9c2b7ce48c0001626f4b

> UK bank stocks fell sharply on Thursday as British 30-year borrowing costs reached their highest level since 1998. Concerns about the country's finances, exposure to high oil prices and inflation intensified ahead of this month's budget.

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