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Tag: Rachel Reeves

Starmer’s Firm Backing Stabilizes UK Markets After Reeves Exit Scare

Starmer’s Firm Backing Stabilizes UK Markets After Reeves Exit Scare

Starmer’s Firm Backing Stabilizes UK Markets After Reeves Exit Scare UK markets have rebounded sharply following Prime Minister Keir Starmer’s decisive efforts to quash speculation regarding a potential exit by Chancellor of the Exchequer Rachel Reeves. The move comes after a significant selloff triggered by investor concerns that a change in the chancellorship could lead to increased government borrowing. Both bond and equity markets have recovered some of the losses incurred during the recent slump. Late Wednesday, Prime Minister Starmer…

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UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts

UK Markets Rebound as Chancellor Reeves Gains Confidence Amidst Fiscal Shifts UK borrowing costs have seen a significant fall, partially reversing a recent surge that followed Chancellor Rachel Reeves’ emotional appearance in the Commons earlier this week. The yield on UK 10-year bonds dropped to 4.55% from 4.61% at the previous day’s close, as markets reacted positively to Prime Minister Sir Kier Starmer’s assurance that he works “in lockstep” with Reeves. The pound also saw a recovery, rising to $1.3668,…

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Chancellor Rachel Reeves Breaks Silence After Commons Tears, Unveils NHS Plan with PM Starmer

Chancellor Rachel Reeves Breaks Silence After Commons Tears, Unveils NHS Plan with PM Starmer

Chancellor Rachel Reeves Breaks Silence After Commons Tears, Unveils NHS Plan with PM Starmer Chancellor of the Exchequer Rachel Reeves has publicly addressed her emotional moment in the House of Commons on Wednesday, stating she had “a tough day” due to a “personal issue.” Her comments followed a surprise joint appearance with Prime Minister Sir Keir Starmer to unveil the government’s new 10-year plan for the NHS. Reeves, who was seen smiling and sharing a hug with Sir Keir at…

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UK Markets Rebound Amid Easing Political Tensions; US Job Data Looms

UK Markets Rebound Amid Easing Political Tensions; US Job Data Looms

UK Markets Rebound Amid Easing Political Tensions; US Job Data Looms European financial markets opened higher on Thursday, signaling a positive shift after a turbulent Wednesday. London’s FTSE 100 is poised to open 0.3% higher at 8,799, with Germany’s DAX up 0.2% at 23,836, France’s CAC 40 also gaining 0.2% at 7,757, and Italy’s FTSE MIB rising 0.15% to 39,926. This rebound follows a challenging Wednesday, particularly for the UK, where bond prices and the FTSE saw sharp declines. The…

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UK Government Turmoil: Starmer Backs Treasury Chief Amid Fiscal Crisis and Welfare U-turn Fallout

UK Government Turmoil: Starmer Backs Treasury Chief Amid Fiscal Crisis and Welfare U-turn Fallout

UK Government Turmoil: Starmer Backs Treasury Chief Amid Fiscal Crisis and Welfare U-turn Fallout British Prime Minister Keir Starmer has publicly reaffirmed his confidence in Treasury chief Rachel Reeves, just a day after her emotional appearance in Parliament fueled intense speculation about her position. The move comes as the Labour government grapples with the fallout from a series of embarrassing policy reversals that have undermined its fiscal agenda. Reeves was visibly distressed during Prime Minister’s Questions on Wednesday, a day…

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