The Chancellor Rachel Reeves' Budget has been branded "disastrous" after research claimed it could add over £1,000 to a middle-class family's mortgage. Fiscal watchdog the Office of Budget Responsibility (OBR) have re-evaluated their forecast for mortgage rates for the first quarter of 2025, increasing their assessment of rates from 3.8% to 3.9%.

The value of the pound fell to its lowest level in over a year while UK borrowing costs jumped to their highest since the financial crisis

Rachel Reeves has refused to comment on the state of Britain's economic turmoil during her visit to China, as the Tories hit out at Starmer's Chancellor going "missing". During her visit to bicycle-maker Brompton’s flagship Beijing store earlier today,