Rachel Reeves, the Chancellor, became visibly distressed during a House of Commons session, leading to adverse market reactions. Observers noted the market's response likely stemmed from concerns over her potential replacement and its implications for government borrowing policies. Reeves later reassured the public in an interview, stating her distress was due to a 'personal issue' and a 'tough day'. Despite the emotional moment, she expressed commitment to her role, promising to work closely with the Prime Minister moving forward, following a public appearance at an NHS plan launch.
The markets, which quickly responded unfavourably, did not wait for media coverage to decide to trade against Britain. Perhaps counter-intuitively, those market movements point the way through this for Reeves.
Reeves's brief interview this afternoon was also geared at reassurance, attributing her tears to a 'personal issue' and a 'tough day'. She insisted she was 'totally' up for the job of chancellor.
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