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Evening Standard
Evening Standard
Politics
Nicholas Cecil

Budget 2024: Commons clash on 'higher mortgage rates' from Labour's Rachel Reeves borrowing billions to invest

Rachel Reeves was challenged in the Commons on whether borrowing tens of billions of pounds more would push up mortgage rates in Britain.

The Chancellor is expected in the Budget on Wednesday to ease her debt fiscal rules to borrow some £20 billion extra to fund transport and other infrastructure projects to boost economic growth in the UK.

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