Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves

GettyEconomists have warned that the government is "on course" to miss its own Budget borrowing targets after interest rates for UK long-term borrowing rose to their highest levels this century.The official forecaster, the Office for Budget Responsibility will start the process of updating its forecast next month, to be presented to parliament in late March.The rising cost of borrowing means, "there is a…