Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United Kingdom (IRLTLT01GBM156N) from Jan 1960 to Jun 2025 about long-term, 10-year, United Kingdom, bonds, yield, government, interest rate, interest, and rate.

As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

The yield on United Kingdom 10Y Bond Yield rose to 4.65% on July 24, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.17 points and is 0.49 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. UK 10 Year Gilt Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Government debt in the United Kingdom reached over 2.8 trillion British pounds in 2024/25, compared with 2.69 trillion pounds in the previous financial year. Although debt has been increasing throughout this period, there is a noticeable jump between 2019/20, and 2020/21, when debt increased from 1.82 trillion pounds, to 2.15 trillion. The UK's government debt was the equivalent of 95.8 percent of GDP in 2024/25, and is expected to increase slightly in coming years, and not start falling until the end of this decade. Public finances in a tight spot With government debt approaching 100 percent of GDP, the UK finds itself in a tricky fiscal situation. If the UK can't reduce it's spending, or increase its revenue, the government will have to continue borrowing large amounts, increasing the debt further. Adding to the problem, is the fact that financing this debt has got steadily more expensive recently, with the government currently spending more on debt interest than it does on defence, transport, and public order and safety. Can the UK grow out its debt? After the Second World War, when the national debt reached over 250 percent of GDP, the UK managed to reduce its debt-to-GDP ratio, due to the economy growing faster than its debt over a long period of time. This is certainly the hope of the current Labour government, who are seeking to avoid significant tax and spending adjustments by strengthening the economy. Overdue investments in infrastructure and increased capital spending may eventually achieve this goal, but the government's declining popularity suggests they may not be in power by the time these policies might eventually bear fruit.

Public sector net debt amounted to 95.8 percent of gross domestic product in the United Kingdom during the 2024/25 financial year, or 90 percent when the Bank of England is excluded. UK government debt is at its highest levels since the early 1960s, due to a significant increase in borrowing during the COVID-19 pandemic. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44.7 percent of GDP. This spending was financed by 1.13 trillion pounds of revenue raised, and 151 billion pounds of borrowing. Although the UK government can still borrow money in the future to finance its spending, the amount spent on debt interest has increased significantly recently. Recent forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and will make it widely available by the winter of 2025.

(CDID: NYRR) Year - UK National Accounts, The Blue Book time series Datasets for each of the chapters in The Blue Book 2023 including the national accounts at a glance, financial and non-financial corporations, households and non-profit institutions serving households and summary supply and use tables.

(CDID: NIST) Year - UK National Accounts, The Blue Book time series Datasets for each of the chapters in The Blue Book 2023 including the national accounts at a glance, financial and non-financial corporations, households and non-profit institutions serving households and summary supply and use tables.

As of July 22, 2025, the yield for a ten-year U.S. government bond was 4.38 percent, while the yield for a two-year bond was 3.88 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

Economic uncertainty and inflationary pressures have spurred a degree of instability in the UK economy in recent years. This has spurred a reluctance among private investors to dedicate significant spending towards capital ventures, weighing on lead generation in commercial building construction markets. High construction costs and rising interest rates have led to further apprehension among property developers to engage in new ventures, though long-term government capital procurement frameworks have provided some resilience to wavering provate investemt. Revenue is slated to rise at a compound annual rate of 0.5% over the five years through 2024-25, reaching £22.8 billion. Aided by the release of pent up demand and a stronger than anticipated initial economic recovery from the pandemic, the industry recorded a strong rebound in new orders from pandemic-induced lows in 2021-22, particularly in private commercial and private industrial markets. However, capacity constraints and the impact of reduced new work volumes secured during the height of the pandemic limited output growth. Growth in new order volumes slowed in 2022-23, as economic uncertainty compounded and rising tender prices reduced the propensity of investors to commit to commercial real estate ventures. High borrowing costs continued to weigh on investor sentiment in 2023-24. However, a steady stream of work on projects procured through capital procurement frameworks, including Procure23 and the School Rebuilding Programme, is set to maintain revenue growth through the current year. Revenue is expected to increase by 6.6% in 2024-25. Revenue is slated to climb at a compound annual rate of 0.3% to reach £23.2 billion over the five years through 2029-30. The effects of the UK's economic slowdown will continue to bite in the near term, as weak order books limit remuneration. Input price inflation is set to continue to ease in the medium term. However, material costs are likely to remain elevated and a construction worker shortage will pressure profit. Commitments made by the government as part of capital procurement frameworks will continue to support demand for commercial building contractors in the coming years, while private sector order books should improve as borrowing costs come down.

Industry revenue is projected to expand at a compound annual rate of 2.3% over the five years through 2025 reaching €24 billion, including an estimated hike of 1.8% in 2025. Demand for stone cutting, shaping and finishing is largely contingent on downstream construction markets, most notably residential construction. The construction sector is influenced by factors such as exchange rates, supply chain issues and trade frictions. In recent years, economic headwinds have plagued the industry including fierce supply chain disruptions, a rising base rate environment and spiralling inflation. Although the construction sector experienced a robust recovery in 2021 following the pandemic-induced slowdown, it faced new challenges in 2022. A combination of factors, including sluggish economic growth and rising interest rates as European central banks aimed to curb inflation, contributed to the decline. Higher borrowing costs discouraged developers from initiating new construction projects. Additionally, the Russia-Ukraine conflict in 2022 caused energy prices to soar due to severe supply chain disruptions, leading to escalating operating expenses for stone cutters as the prices of stone and aggregate materials escalated. The inflationary environment also squeezed profitability, with raw material costs skyrocketing, driven by price hikes from upstream suppliers like stone quarries. In 2024, inflation began to ease, providing some relief for stone cutters; however, production cost pressures remained high. This situation prompted a greater emphasis on digital investments to improve efficiencies and achieve long-term cost savings. While inflationary pressures are starting to diminish, the industry continues to face economic uncertainty, as interest rates remain elevated despite recent reductions. Stone cutting, shaping and finishing revenue is projected to swell at a compound annual rate of 7.4% over the five years through 2030, reaching €34.2 billion. An improving economic environment in the medium term will support construction activity, driving demand for stone cutting, shaping and finishing. Inflationary pressures will also subside, allowing central banks to cut rates and reduce the cost of borrowing, which will incentivise investors to begin development projects. Solid government funding will push up revenue in the coming years, with initiatives like the Renovation Wave spurring on construction activity by focusing on energy and resource-efficient renovations.

According to Cognitive Market Research, the global Revenue Based Financing market size will be USD 2985.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 61.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1194.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 60.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 895.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 686.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 63.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 149.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 61.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 59.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 61.5% from 2024 to 2031.
The healthcare industry is the fastest-growing category in the Revenue-Based Financing market. The rising demand for healthcare services, especially after the global pandemic, has led to accelerated growth within the sector

Market Dynamics of Revenue Based Financing Market

Key Drivers for Revenue Based Financing Market

Increased Demand for Flexible Capital to Boost Market Growth

In the Revenue-Based Financing Market, one of the most significant drivers is the growing demand for flexible capital solutions among startups and small businesses. Unlike traditional financing methods that often require fixed repayments regardless of a company’s cash flow, revenue-based financing allows businesses to repay their investors based on their monthly revenues. This flexibility is particularly appealing to entrepreneurs who face seasonal fluctuations or unexpected market challenges. By aligning repayment schedules with revenue performance, businesses can manage their cash flow more effectively, reducing the financial burden during lean periods and fostering sustainable growth. This adaptability not only enhances the appeal of revenue-based financing but also empowers businesses to make strategic investments that can drive long-term success without the fear of crippling debt. For instance, in the UK, the government launched the future fund scheme on May 20, 2020, which offers convertible loans to startups based on their revenue

Increasing Adoption of Digital Platforms and Fintech Solutions to Drive Market Growth

The surge in digital platforms and fintech solutions is another key driver in the Revenue-Based Financing market. With advancements in technology, fintech companies have made it easier for businesses to access funding through online platforms, streamlining the application and approval processes. Digital platforms also provide investors with detailed insights into business performance, facilitating better decision-making and risk management. The scalability and transparency offered by these platforms have accelerated the adoption of RBF, making it a popular choice among tech-driven startups and e-commerce businesses looking for quick and hassle-free funding solutions.

Restraint Factor for the Revenue Based Financing Market

High Cost of Capital, will Limit Market Growth

One significant restraint in the Revenue-Based Financing (RBF) market is the high cost of capital associated with this financing model. While RBF provides flexibility in repayment structures, the overall cost can be higher than traditional loans. Investors often charge higher fees or revenue percentages in exchange for the lower risk they assume. For startups and small businesses with limited profit margins, this elevated cost can strain their financial resources and deter them from choosing RBF over other funding options. Consequently, the perception of RBF as a more expensive alternative may hinder its widespread adoption among potential borrowers.

Impact of Covid-19 on the Revenue Based Financing Market

The COVID-19 pandemic has significantly impacted the Revenue-Based Financing Market, catalyzing both challenges and opportunities for businesses seeking flexible capital solutions. As many startups faced unprecedented financial pressures due to lockdowns and ...

The benchmark interest rate in the United Kingdom was last recorded at 4.25 percent. This dataset provides - United Kingdom Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.