Surge in borrowing costs will drive up mortgage interest rates, economists warn as Reeves heads to China amid turmoil
10 January 2025, 12:15 | Updated: 10 January 2025, 12:39 China beckons for Rachel Reeves as chancellor faces mounting fears over UK debt crisis. Picture: Alamy Rachel Reeves' surge in borrowing costs will lead to increased interest rates on mortgages …