Pressure mounts on Reeves as Starmer refuses to guarantee future of her job

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Answering questions following a speech in London the Prime Minister stressed that the Government would meet its “fiscal rules” – including requiring day-to-day spending to be met from revenues rather than further borrowing. It’s going to take time.” Pressed again on the Chancellor’s future, he said: “Rachel Reeves is doing a fantastic job. “Keir Starmer and Rachel Reeves have driven Britain’s economy into the ground.” Some traders fear there could be a deepening slump for the pound, which has been hit hard by the gilt market woes, as well as stubborn inflation, high government borrowing and concerns over incoming US president Donald Trump and his plans for tariffs on overseas trade. Rachel Reeves needs to acknowledge this before the bond market will calm down.” The increase in the cost of servicing Government debts is seen cutting into Labour’s already slim £9.9 billion financial headroom.