It's because if your country's inflation is worse than other countries', that inherently devalues your currency. And the market isn't particularly impressed with the UK government injecting a bunch of money into the system through borrowing vast sums of money to fund tax cuts (mostly for the wealthy) during a high inflation period. It's one thing if you're supporting people so they can afford necessities that would otherwise be bought with credit, but another if you're giving already rich people more discretionary income.
Most countries are trying to reduce liquidity to tackle inflation, but the UK is now doing the opposite. And now the Bank of England has had to step in with quantitative easing again, buying up £65B in government bonds to drive yields downwards (which will tend to further exacerbate inflation).
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