Rubbish Check
Daily Mail Money · 14 September 2026
source“UK borrowing costs hit 28-year high as investors bet on five rate hikes by the end of 2027”
R2/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates Daily Mail Money's claim that UK borrowing costs hit a "28-year high" on bets of five rate hikes a 2/10, because both figures are stated near-verbatim in the outlet's own reporting with no embellishment.
The Verdict
Lightly altered. The headline compresses the story's two lead numbers, but it doesn't invent, exaggerate, or misrepresent either one; the main cost is that a multi-factor story (oil, US yields, UK inflation) gets flattened into a single tidy causal line.
What actually happened
The 30-year UK gilt yield rose above 5.95%, the highest level since 1998, a move the article itself frames as a measure of government borrowing costs. Separately, market pricing implies investors expect five Bank of England rate rises by the end of 2027, taking the Bank Rate from 3.75% to 5%. The moves came alongside a jump in US 10-year Treasury yields above 5% and oil pushing toward $110 a barrel.
Key facts
- 30-year UK gilt yield jumped above 5.95%, a level not seen since 1998, 28 years prior.
- 10-year UK gilt yield hit a 19-year high above 5.4%.
- 10-year US Treasury yield rose above 5% for the first time since 2023.
- Oil pushed toward $110 a barrel, cited as a fresh inflation risk for winter energy bills.
- Markets are pricing five Bank Rate increases by end-2027, from 3.75% to 5%.
What to watch for
Watch whether the "five hikes" pricing holds once actual Bank of England decisions land, market-implied rate paths shift often and a single soft inflation print could unwind much of this repricing. Also watch whether the oil-driven inflation fear plays out or fades, since that's doing a lot of work in the piece's causal chain without being in the headline.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
