spiralling

© Reuters. Cars travel past a display showing Shanghai and Shenzhen stock indexes near the Shanghai Tower and other skyscrapers at the Lujiazui financial district in Shanghai, China February 5, 2024. REUTERS/Xihao Jiang By Tom…

Chancellor Jeremy Hunt will call on banks to tackle what one Tory MP described as a "mortgage bomb about to go off", but ruled out providing financial support to families struggling with the rising cost of mortgages.On Tuesday, Hunt…