Is Reeves about to drive Britain off a financial cliff? Alarm grows as borrowing costs soar to even HIGHER than surge that toppled Truss (...and the Chancellor's face says it all)

Yields on 30-year UK bonds, known as gilts, leapt to just below 5.7 per cent, the highest level since 1998 in the wake of a reshuffle seen as sidelining Rachel Reeves.