The Latest Breaking News from Rachel Reeves

Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in post

NEWS ANALYSIS: The debacle over the welfare reforms has stripped Keir Starmer of his authority and left his government damaged. David Maddox tracks how the prime minister lost control

COMMENT: The chancellor deserves our sympathy, writes Simon Walters, but resignation may now be inevitable. And her boss’s credibility has also taken a huge hit – the prime minister remains in office but not in power

COMMENT: A single tear rolled down the chancellor’s cheeks at PMQs in a rare and distressing display of emotion from the ‘Iron Chancellor’. I found myself wanting to cry too, says Victoria Richards

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap

RACHEL Reeves reportedly had an altercation with the Speaker before Prime Minister’s Questions leading her to cry in the chamber.

Keir Starmer has publicly supported chancellor Rachel Reeves after she was crying and appeared visibly distressed in parliament. Reeves' distress followed government U-turns on welfare reforms, which created a deficit in her budget plans. The welfare reform bill passed only after measures intended to generate long-term savings were removed. Some…

Rachel Reeves appeared emotional during Prime Ministers Questions on Wednesday (2 July), with Kemi Badenoch saying she looks "absolutely miserable”.

GILT yields spiked shortly after Chancellor Rachel Reeves was seen crying in the Commons during Prime Minister Questions ...