A sudden drop in sterling followed a £3bn sell-off, triggered by concerns over Reeves’s emotional display and the PM’s doubts about her future, with Labour firmly denying rumours of internal discord.
A senior figure’s tearful display in the Commons, coupled with uncertainty over her position as the PM refused guarantees and rumours of a heated confrontation with another high-profile politician, sparked fresh concern in the markets and prompted questions about the government’s stability.
During a heated parliamentary debate, the shadow chancellor was seen wiping away tears while Starmer faced a barrage of criticism over the government’s welfare reforms, prompting mockery of the PM and sparking questions about ministerial confidence.
Gilts and the pound declined on renewed worries about fiscal oversight after a tense parliamentary exchange, with only lukewarm support from Starmer at PMQs and speculation over the chancellor’s future, while both camps deny any rift.
Sean “Diddy” Combs has been found guilty of prostitution-related offences, with lawyers urging a 20-year custodial sentence.
Starmer faced a setback after reversing his stance on welfare policy, with the PM scrapping proposed cuts to placate Labour rebels.
A controversial measure cleared Parliament after Government concessions and the PM delayed key disability support adjustments, leaving some relieved and many still uncertain about their future benefits.
Starmer’s benefits Bill has faced steep compromise following last-minute concessions to rebels, paring back the promised savings and giving rise to fresh questions over the PM’s fiscal intentions.
Under the PM’s revised stance on border enforcement, record numbers of people have arrived via small boats this year, prompting fresh concerns over resource allocation, long-term settlement, and calls for a more robust approach.
A welfare bill secured parliamentary approval by a 75-vote majority, after the PM withdrew planned disability benefit cuts to avert a major Labour rebellion.