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Wednesday, 2 September 2026

The Daily Trend

Today’s news, with the data and without the spin

Borrowing Costs

Trending · Finance

Borrowing Costs

The Independent

12 articles across 6 outlets · edited by Trend, figures counted from the coverage

Sentiment

Across all Trend monitored news outlets · 12 articles

What happened

The UK government's long-term borrowing costs jumped to their highest level since 1998 on Tuesday. The yield on 30-year government bonds hit 5.89% as a global bond sell-off accelerated, driven by rising oil prices and inflation concerns. Economists say Chancellor John Healey may announce large tax rises at this year's Budget to offset the higher cost of government borrowing. The International Monetary Fund described the global rise in borrowing costs as a particular concern.

Long-Term Borrowing Rate

The interest rate the government pays to borrow for twenty years, the longest gilt the Bank of England publishes. Long rates answer to the deficit and to inflation expectations rather than to the next rate decision, so they move on the public finances more than on the Bank. When this sits above the ten-year, markets are charging more to lend for longer.

LATEST · 21 Oct 20265.64%
AVERAGE2.78%
HIGH · 8 Oct 20265.79%
LOW · 9 Mar 20200.41%
0%1%2%3%4%5%6%7%20182020202220242026
ConservativeLabourCoalition

Source: Bank of England

Coverage: UK

How each side sees it

  • Left

    Summary

    The Independent and The Guardian reported that UK long-term borrowing costs hit their highest level since 1998, with 30-year gilt yields reaching around 5.88-5.89%. Both outlets cited a global bond sell-off driven by rising oil prices and inflation concerns.

    Sentiment

    Across left-leaning outlets · 3 articles

  • Centre

    Summary

    The BBC covered the borrowing costs reaching their highest level since 1998 and noted the pressure this placed on the government ahead of the Budget. The outlet also reported US borrowing costs hitting fresh highs over similar inflation fears.

    Sentiment

    Across centre outlets · 2 articles

  • Right

    Summary

    City AM and the Daily Mail reported UK borrowing costs at 28-year highs, with 30-year gilt yields surging above 5.9%. City AM quoted economists saying the chancellor would likely implement large tax hikes at the Budget, and cited IMF concern about the global rise in borrowing costs. The Evening Standard and City AM also covered rising shop price inflation linked to energy and commodity costs.

    Sentiment

    Across right-leaning outlets · 7 articles

Other News

The next most-covered stories, measured the same way. Each one sits on a board where the numbers behind it live.

  • Small Boat Crossings

    Trending · Society

    Small Boat Crossings

    6 articles across 6 outlets · news sources analysed by AI, figures counted from the coverage

    Sentiment

    Across all Trend monitored news outlets · 6 articles

  • Small Boat Crossings

    Trending · Society

    Small Boat Crossings

    The number of small boat crossings in the English Channel fell between June and August, with figures ranging from 102 boats to nearly 7,000 arrivals depending on the measure used.

  • Data

    Small Boats

    People detected arriving in the United Kingdom in small boats across the English Channel each month, recorded by the Home Office since 2018. It is one route of irregular migration, not the whole of it, and it counts arrivals, not asylum claims or grants.

    2,31335.2%August 2026
    August 2025August 2026

    See this and every other society figure Trend holds on the Society board.

  • Left

    Summary

    The Daily Mirror and HuffPost UK reported that small boat crossings fell to a seven-year low over summer. Home Secretary Shabana Mahmood said Labour's crackdown was "bearing fruit", though The Independent noted she acknowledged more work remained.

    Sentiment

    Across left-leaning outlets · 3 articles

  • Right

    Summary

    The Belfast Telegraph and Evening Standard carried Mahmood's claims that the Government's crackdown was "bearing fruit" after crossings fell to their lowest since 2019. The Daily Mail detailed the summer figure of 6,949 arrivals, the lowest since 2020.

    Sentiment

    Across right-leaning outlets · 3 articles

The data behind

Small Boat Crossings

Small Boats

People detected arriving in the United Kingdom in small boats across the English Channel each month, recorded by the Home Office since 2018. It is one route of irregular migration, not the whole of it, and it counts arrivals, not asylum claims or grants. The count is sensitive to weather, enforcement and conditions in the countries people leave.

-2k0k2k4k6k8k10kpeople20182020202220242026
ConservativeLabourCoalition

Source: Home Office

Coverage: UK

  • Defence Spending

    Trending · Defence

    Defence Spending

    8 articles across 4 outlets · news sources analysed by AI, figures counted from the coverage

    Sentiment

    Across all Trend monitored news outlets · 8 articles

  • Defence Spending

    Trending · Defence

    Defence Spending

    Prime Minister Andy Burnham says Chancellor John Healey will set out a timetable for increasing defence spending to 3% then 3.5% of GDP at next year's spending review.

  • Data

    Defence Budget

    Total UK defence spending, on the national MoD (Ministry of Defence) basis. It excludes military pensions, so it runs below the NATO-definition figure behind the 2% target; and before the early 2000s an older accounting basis applied, so the long run is not exactly comparable.

    £60bn11.7%2024/25
    2019/202024/25

    See this and every other defence figure Trend holds on the Defence board.

  • Left

    Summary

    The Independent covered Burnham's defence spending commitments at Prime Minister's Questions, reporting that he faced pressure over funding levels and that the chancellor plans to unveil defence spending proposals next year to meet Labour's 3.5% of GDP pledge.

    Sentiment

    Across left-leaning outlets · 3 articles

  • Right

    Summary

    The Daily Mail and Evening Standard covered Burnham's defence spending statements, reporting conflicting details about whether he committed to a 3% spending timetable by 2030 and when a plan to meet targets would be unveiled.

    Sentiment

    Across right-leaning outlets · 5 articles

The data behind

Defence Spending

Defence Budget

Total UK defence spending, on the national MoD (Ministry of Defence) basis. It excludes military pensions, so it runs below the NATO-definition figure behind the 2% target; and before the early 2000s an older accounting basis applied, so the long run is not exactly comparable. A larger budget buys more forces and equipment; a smaller one, less.

10203040506070£ billion1990200020102020
ConservativeLabourCoalition

Source: Ministry of Defence · NATO · SIPRI

Coverage: UK