Reeves is the UK’s Chancellor of the Exchequer
The background top Prime Minister Starmer’s pledge of support is:
- Fiscal worries are hitting the pound hard once again.
- There are rumors about the future of Chancellor of the Exchequer Rachel Reeves and the UK government is in damage control.
It comes after Reeves was crying in Parliament following a U-turn on to cuts in welfare. The lack of an appetite for fiscal austerity has the market worried about government finances.
This article was written by Eamonn Sheridan at www.forexlive.com.
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