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Priti Patel: U.K. borrowing costs hit highest level since 1998 as economy worsens

Priti Patel: U.K. borrowing costs hit highest level since 1998 as economy worsens
U.K. borrowing costs highest since 1998

Priti Patel highlights that the U.K.'s economic outlook is deteriorating as long-term borrowing costs have risen to their highest point since 1998.

According to Patel, the situation is dire as the U.K. prepares to approach the IMF later this month.

Patel has previously criticized the government for the impact of higher borrowing costs, citing concerns about growth and investment. In March, she said that rising taxation and debt were hurting the U.K.'s economic prospects. Her latest warnings come as fiscal pressures continue to mount.

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