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Rachel Reeves is facing questions about
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whether she will still be Chancellor at
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the next general election as the
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government faces pressure over ongoing
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economic turmoil it comes after the
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chancellor was criticized for her trip
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to China amid a sharp rise in guilt
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yields putting her public spending plans
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and her fiscal rules at risk of being
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broken so what's going on over the past
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week the yield on 10-year government
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guilts appr proxy for the cost of State
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borrowing has risen sharply to highs not
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seen since the financial crisis
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yesterday the pound also fell not .7%
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against the dollar to its lowest level
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since November 2023 these economic woses
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follow business backlash over Reef's
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October budget which raised taxes by 40
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billion and saw firms repeatedly Sound
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the Alarm over their growth prospects
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rert SS chairman of Britain's biggest
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business Lobby the CBI told the BBC
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Reeves had created a hole in the
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confidence and Trust of business and
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left UK PLC bruised what does number 10
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say well on Monday Ki Dharma made a big
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speech about his plans for artificial
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intelligence but journalists were quick
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to ask him whether he still had
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confidence in his Chancellor the Prime
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Minister insisted he was completely
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confident in Reeves and his whole
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cabinet team and said she was doing a
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fantastic job but he declined to
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specifically guarantee she would remain
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in her post running the treasury
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throughout this Parliament and after a
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few eyebrows were raised at a briefing
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with journalists later that day the PM's
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official spokesman was forced to confirm
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Reeves would indeed remain as Chancellor
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until the next election he said she
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would work throughout the whole of this
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Parliament in delivering for working
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people and has the PM's full confidence
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so what could happen next security
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minister Dan Jarvis defended the
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chancellor this morning on Sky News
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arguing she was getting on with doing a
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difficult job of delivering economic
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growth for the country however analysts
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at Deutsche Bank have suggested the
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budgets blow to business threatened to
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plunge Britain into stagnation this year
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with the economy expected to grow by
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just 1.3% lower than official
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projections and Reeves faced more
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criticism from newspapers today as the
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Daily Mail warned treasury in turmoil
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and and the Daily Star referencing
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short-lived PM Li truss and her ill-
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fated mini budget asked should we be
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popping out for another lettuce what do
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you think about Rachel Reeves facing
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questions about her role as Chancellor
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let us know your thoughts in the
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