As things stand, we are not barreling towards economic disaster. But we are at risk of willing it into existence.

Chancellor Rachel Reeves faces demands to cancel a trip to China as the UK economy descends into chaos. She is jetting off to Beijing despite fears that a crisis on the financial markets could force her to impose fresh tax hikes or impose swingeing spending cuts.

Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as March

Rising gilt yields and higher debt interest sound warning that Chancellor may miss her Budget borrowing targets