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Sir Keir Starmer takes questions for the first time after Parliament returned from recess. Britain’s long-term borrowing costs have hit a 27-year high as economists warn that further tax rises will damage economic growth. READ MORE: https://www.thetimes.com/uk/politics/... The interest rate on 30-year government debt rose to 5.72 per cent, the highest level since 1998. The pound also fell by more than 1 per cent against the dollar on Tuesday. While the cost of government borrowing is rising around the world, British borrowing costs have been hit particularly hard as a result of persistent inflation and reduced demand from final-salary pension schemes. Mark Dowding of RBC BlueBay Asset Management, said rising costs and a weak currency “reflected concerns that further tax increases from already high levels could damage growth, add to inflation and still leave a sizeable hole in the public finances”. Read the best of our journalism: https://www.thetimes.com/ Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_... Find us on Facebook: / timesandsundaytimes Find us on X: https://x.com/thetimes Find us on Instagram: / thetimes #livestream #keirstarmer #pmqs #uk #london