Mortgages rates are not rising yet but Reeves has to act

Getty ImagesIt has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment of economic peril.Bank of England governor Andrew Bailey is accompanying her on the trip. The 12-hour…