Borrowing costs jump and pound falls after Reeve's tears

Borrowing costs have surged sharply, and the pound has fallen after a tearful appearance by Chancellor Rachel Reeves in parliament.Reeves was at Prime Minister's Questions on Wednesday following the government's U-turn on plans to cut benefits.Markets reacted after her emotional state sparked speculation about her position in government.Sterling fell notably, down 1% against the dollar, although it has recently…