Hi Peter,
Thank you for posting, I am here to help you today.
Try this steps to help fix the problem:
Try to update your USB Driver to ensure compatibility with the latest Windows update.
If the problem continues, roll back the recent update (Settings > Windows Update > Update History > Uninstall updates) to check if the update is causing the mouse lag.
looking forward to helping you out. If you need more help please let me know. If the answer is helpful, please click "Accept Answer".
Best regards,
Jansher