Policies risk creating "a snowball effect" that pushes Britain's £105 billion-a-year interest payments higher, experts told CNBC.

Unveiling the Spending Review in the Commons, Chancellor Rachel Reeves claimed she is 'renewing Britain'.

In a return to Labour's tax-and-spend approach, the Chancellor set out plans to 'invest' a staggering £4 trillion to fund 'the renewal of Britain'.

Policies risk creating "a snowball effect" that pushes Britain's £105 billion-a-year interest payments higher, experts told CNBC.