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The Guardian - UK
The Guardian - UK
Politics
Phillip Inman

Market turmoil has calmed but Rachel Reeves faces more challenges ahead

Rachel Reeves Sir Keir Starmer United Kingdom Economy HMRC International Monetary Fund Whitehall
Rachel Reeves
Rachel Reeves – calm has been restored, for the time being… Photograph: Ben Birchall/PA

Rachel Reeves was given a warning this month how the most carefully plotted budget strategy can be blown off track by turmoil in financial markets.

Calm has been restored, for the time being, but the lingering effect has been to increase the UK government’s cost of borrowing.

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