Taxpayers may have breathed a sigh of relief today when Keir Starmer ruled out an emergency Budget this Spring. If they believed him.

Trump has Starmer ‘over a barrel’ on trade deal with UK facing economic turmoil, insiders claim - Exclusive: Insiders say the UK has no choice but to accept Trump’s terms for on trade as neither the E

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.

Keir Starmer has insisted Rachel Reeves will be chancellor “for many, many years to come” amid fierce criticism of her performance in the job. The prime minister delivered his vote of confidence following days of negative news on the economy.

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.

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.

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.

The Prime Minister Sir Keir Starmer and the Chancellor Rachel Reeves are no Tony Blair and Gordon Brown.

The prime minister told an audience in east London that he is ‘completely confident’ in his team as pressure grows over the economy

The PM claimed the Chancellor was doing a ‘fantastic job’ despite the controversy over her Budget and the Pound’s drop in value

UK Prime Minister Keir Starmer said he has “full confidence” in Chancellor of the Exchequer Rachel Reeves and stressed that his government would stick to its fiscal rules in response to a surge in UK borrowing costs.

The Chancellor will be in China this weekend. After that, Rachel Reeves will be in Davos, lecturing the global elite about how “stability” has made the UK a great place to invest.