The Chancellor will be in China this weekend. After that, Rachel Reeves will be in Davos, lecturing the global elite about how “stability” has made the UK a great place to invest.

Fury at the winter fuel cuts, the treatment of WASPI women and tax hikes for farmers will be eclipsed if her Budget decisions push the economy into recession

As any football fan knows, statements of support from the board are rarely followed by good news. As in football, so in finance, and the Treasury’s attempt to dismiss as “pure speculation” the suggestion that yields on Government debt spiking to their highest level since 2008 could put Chancellor Rachel Reeves in breach of her own fiscal rules do not seem likely to inspire confidence.