The Latest Breaking News from Rachel Reeves

Downing Street left door open to an emergency Budget in the spring following the rising cost of government borrowing

The Chancellor earlier rejected calls to pull out of a trip to China to deal with economic woes in the UK

RACHEL Reeves has refused to rule out spending cuts – just a day after the Prime Minister declined to say whether Labour would take the axe to…

The Chancellor insisted leadership is ‘not about ducking these challenges’ as she defended her handling of the economy.

She became Britain’s first female Chancellor in July against a daunting backdrop of a sluggish economy and competing demands for public spending.

Chancellor Rachel Reeves faced MPs after turbulence in the markets sent government borrowing costs up and the value of the pound down.

Watch as Rachel Reeves answered questions in the House of Commons on Tuesday, 13 January, after returning from a trip to China criticised by political opponents for coinciding with a week of volatility for the pound and soaring yields on UK bonds.

Britain's finance minister Rachel Reeves is expected to address parliament Tuesday to try and regain the confidence of markets in the face of rising pressure over the country's struggling economy.

RACHEL Reeves’s fortunes have gone from bad to worse – with the Chancellor getting the potentially fatal lettuce treatment.

Rachel Reeves will move to reassure turbulent financial markets amid high Government borrowing costs as she faces a grilling from MPs on Tuesday.

Ex-shadow chancellor calls for wealth tax to tackle economic crisis