UK borrowing rates slump to record low

While French eurozone turmoil continues - its borrowing costs have risen sharply - UK borrowing costs continue to slip. 10-year gilt yields - the base rate for UK government borrowing - has tumbled to 2.13%. Compare that rate to yields in Italy (7%). This is borrowing at its cheapest level since 1898 - when Marconi conducted his first test radio broadcast and Queen Victoria sat on the throne.