UK
Reeves’ Vision for UK Faces Fresh Peril From Market Fallout
- Chancellor to address Parliament, traders await inflation data
- Reeves likely to face questions over UK’s fiscal position
This article is for subscribers only.
Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week.
Reeves’ appearance in the House of Commons is officially to give a statement about the recent trip to China, yet allows opposition parties to quiz her on a sharp rise in gilt yields that risks leaving the chancellor in breach of her own fiscal rules. Further dangers lurk throughout the coming days, with government bond sales and crucial economic updates threatening to stoke the crisis.