Homeowners in Britain face a bigger threat of higher mortgages from Donald Trump winning a second term in the White House than from Rachel Reeves’ Labour Budget, claims a top economist.
Andy Haldane, former chief economist at the Bank of England, stressed that if Trump beats Kamala Harris in the US presidential election on November 5, and is true to his campaign pledges and rhetoric, it could push up interests rates in the US with a knock-on effect in other countries including the UK.
