The Latest Breaking News on Gilt yields spike following Chancellor Rachel Reeves's tears during PMQs

Downing Street said the Prime Minister supported his Chancellor after Sir Keir Starmer declined to commit to her future in the Commons.

Downing Street later insisted that Ms Reeves ‘is going nowhere’ and has Sir Keir’s ‘full backing’

The decision to scrap key parts of the welfare reform package has left the Chancellor facing the prospect of tax hikes to balance the books.

The government’s landmark bill on welfare reform passed by 335 to 260 votes on Tuesday evening, after staving off a major rebellion from Labour MPs. To win over backbench MPs who had opposed the bill, the government made a series of concessions, including a last-minute compromise agreeing that any changes…

Chancellor Rachel Reeves faces a backlash over £5 billion welfare cuts, offering £3 billion in concessions to quell rebels. Is a full welfare system revamp the answer?

ANAS Sarwar has been left “totally humiliated” after backing Labour’s planned welfare cuts only for the UK Government to perform a dramatic…

Sir Keir Starmer’s capitulation on welfare cuts has dented his authority and raised questions about his judgment

Rachael Maskell blamed the chancellor for the scale of rebellion, saying the Treasury had chosen to ‘find savings on the backs of disabled people’

Pat McFadden says U-turn will change calculations, as IFS says tax rises in autumn look increasingly likely