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Pound Drops Amid Uncertainty Over UK Chancellor Rachel Reeves

Rachel Reeves, Britain’s chancellor, appeared visibly upset in Parliament as the prime minister was asked about her position. The British pound and government bonds dropped in value.

© UK Parliament, via Associated Press

A screenshot from the British Parliament showed Rachel Reeves, Britain’s chancellor of the Exchequer, seated next to Prime Minister Keir Starmer of Britain in the House of Commons on Wednesday.

Rachel Reeves in Tears in UK Parliament As Questions Are Raised Over Her Role

Rachel Reeves, Britain’s most senior finance official, appeared visibly upset in the House of Commons on Wednesday, as Prime Minister Keir Starmer was asked about her position.

© UK Parliament, via Associated Press

A screenshot from the British Parliament showed Rachel Reeves, Britain’s chancellor of the Exchequer, seated next to Prime Minister Keir Starmer of Britain in the House of Commons on Wednesday.

Starmer Backtracks on Planned Social Cuts After Pushback From His Own Party

The British prime minister had pressed ahead with the proposal, but a parliamentary vote on it was expected to fail.

© Carl Court/Getty Images

Prime Minister Keir Starmer of Britain in London in May. Several recent policy reversals have led some to question his political judgment.
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