The British pound has fallen to its lowest value in nine months, coinciding with a rise in UK government borrowing costs to their highest since the 2008 financial crisis. Economists indicate that the increasing costs may force the government to implement tax rises or spending cuts to meet borrowing targets. The Chancellor’s spending plans have drawn criticism from the opposition, which claims they exacerbate borrowing costs. The pound decreased by 1.1% against the dollar, reflecting broader concerns about public financial stability as the government continues to rely on borrowing.