“Rachel Reeves is thinking the right way but she’s in a difficult position,” said a senior UK bank executive in Davos . “Labour in the UK have made a lot of good decisions but it is very hard for them and the [bond market] challenges of last week reinforce that issue.”

Goldman Sachs has issued a new forecast that UK interest rates would fall from the current figure of 4.75 percent to 3.25 percent by spring of 2026.

Andrew Bailey has joined Chancellor Rachel Reeves and senior financial figures including the Chair of HSBC on a trip to China.

UNDER-pressure Rachel Reeves was given a glimmer of hope as inflation fell — raising interest rate cut hopes. The Chancellor saw inflation sink 0.1 per cent to 2.5 per cent in December, the drop

Chancellor Rachel Reeves faces "difficult decisions" if she wants to meet her self-imposed financial rules after borrowing costs hit their highest level for 16 years, the former deputy governor of the Bank of England has warned.

Spare a thought for the Chancellor. She’s going through a tough time. The headlines at the moment are brutal. While Number 10 has now backed her to remain as Chancellor for the rest of the parliament,

The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.

Deputy governor Sam Woods told Keir Starmer that delivering economic growth and 'encouraging responsible risk-taking', was not its main focus.

Truss herself accused the Chancellor of pushing Britain “to the brink of an economic crisis”. Shadow Chancellor Mel Stride said Reeves’ visit to China is “tone deaf” and she should be “reassuring” markets in the UK following turbulence on the gilt markets.

A surprise dip in UK inflation last month has provided some reprieve for Rachel Reeves, as financial markets calmed following a recent period of volatility.

Economists believe that the Bank of England’s Monetary Policy ... The figures come after a difficult past couple of weeks for Chancellor Rachel Reeves, after government borrowing costs surged ...

Rachel Reeves may be forced to hike taxes again this year if she is found to have broken her self-imposed fiscal rule.