UK's Starmer Says He Backs Chancellor Reeves
July 3, 2025
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0:21Now PlayingUK's Starmer Says He Backs Chancellor Reeves
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as posted by the channelUK markets rebounded from a sharp selloff as Prime Minister Keir Starmer sought to calm speculation about a possible exit by Chancellor of the Exchequer Rachel Reeves.
Bond and equity markets recovered some of their losses from a slump triggered by concern a new chancellor might usher in increased borrowing. In a BBC interview late Wednesday, Starmer gave Reeves his full backing and the chancellor later reiterated the government’s commitment to its fiscal rules in an unscheduled TV appearance.
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