News-News.Zip

News in English (USA) / 14.01.2025 / 16:00

Rachel Reeves Faces MPs Amid Economic Turmoil

UK Chancellor Rachel Reeves is under significant pressure as she confronts MPs regarding the ongoing turmoil in the financial markets. Amidst market nerves and a fluctuating pound, Reeves has emphasized the necessity of accelerating economic growth and maintaining fiscal rules. Despite calls for her resignation and criticism for a recent trip to China, she insists that the UK will meet its fiscal responsibilities. Prime Minister has backed her to remain in her role throughout the parliamentary term, even as confidence in the markets wavers and borrowing costs continue to rise. As Reeves navigates these turbulent times, she is exploring options that include spending cuts and tax adjustments to restore market stability.
BBC.com, BBC, The Telegraph, Financial Times, Bloomberg, The Guardian, Reuters UK, The Independent, The Times, The New Statesman