Rachel Reeves inadvertently breached parliament's rules by failing to declare gifts on time, the standards watchdog has found. She blamed an oversight for her initial failure to declare the gifts, which included tickets to an adaptation of the classic children's novel Ballet Shoes at the National Theatre over Christmas.
UK government borrowing costs surged as speculation over Rachel Reeves's role as chancellor intensified. City investors flagged a multibillion-pound deficit due to Labour's welfare policy reversal.
We have listened to the concerns that people had about the level of the means test, and so we will be making changes to that; they will be in place so that pensioners are paid this coming winter.