Taxpayers may have breathed a sigh of relief today when Keir Starmer ruled out an emergency Budget this Spring. If they believed him.
The prime minister told an audience in east London that he is ‘completely confident’ in his team as pressure grows over the economy
The week beings on Holocaust Memorial Day, marking 80 years since the liberation of Auschwitz-Birkenau. For that reason, there are no big government announcements today, but Sam and Anne will take you through Westminster's agenda for the week - a big one for Rachel Reeves.
The Chancellor, who has disparagingly been dubbed "Rachel from accounts" in some circles, is on the defensive after the pound sunk to a 14-month low yesterday.
And yet the markets are collectively passing a verdict on Starmer and Reeves's economic plan right now and it isn't exactly a ringing endorsement – and wobbly markets can prompt political wobbles. These shouldn't be overstated, but neither should they be ignored.
Rachel Reeves and Keir Starmer end the week in a better political position than they began it. Market movements have settled, the chatter about Reeves’ position has mostly ended, and the pair have shifted into fight-back mode.
The Prime Minister said the Chancellor had his “full confidence” and was doing a “fantastic job” but declined to say she would remain in No 11 for the duration of the parliament.
Prime Minister Sir Keir Starmer has declined to confirm Rachel Reeves will be Chancellor at the next general election.
Sir Keir Starmer has insisted Rachel Reeves will remain Chancellor for 'many years' as he clashed with Kemi Badenoch over the economy, Tulip Siddiq's resignation and the Chagos Islands 'surrender ...
Sir Keir Starmer refused to say if he would back a third runway being built at Heathrow Airport amid mounting speculation Rachel Reeves is poised to support the expansion. The Pri
Michael Saunders, a former member of the BoE's monetary policy committee which sets interest rates, said the latest inflation figure would be "some help" in trying to ease some of the worries over the UK economy - more on that in our next post.
The PM claimed the Chancellor was doing a ‘fantastic job’ despite the controversy over her Budget and the Pound’s drop in value