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Story summary
- Britain’s gilt yields rose to 6.07% on Thursday, the highest level since 1998.
- Chancellor John Healey must present his Budget on October 28 as borrowing costs surge.
- Average five-year fixed mortgage rates climbed to 5.95%, the highest since October 2023.
- Average UK house prices fell 0.2% in September, with annual growth slowing to 0.8%.
- Institute of Directors found 65% of bosses pessimistic and over 70% plan to cut investment.
