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%.

Shadow chancellor criticises the Budget as ‘unfit for purpose’ as middle-class families face an extra £3,500 on their mortgage renewal costs

Early indications that chancellor will slash disability benefits and delay increases to the defence budget to the 2030s to avoid breaking borrowing rules

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,

Chancellor defends decision to travel to Beijing where she is seeking to revive relations that have been frozen since 2019

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 is under pressure after flying out for a trip to China during a week in which rising government borrowing costs has spooked the financial markets.