The Latest Breaking News from Rachel Reeves

Rolling coverage of the latest economic and financial news, as economists predict that Wednesday’s sell-off has strengthened Reeves’s position

Stock markets updates and business news from Thursday

UK Prime Minister Keir Starmer on Wednesday said that finance minister Rachel Reeves would remain in her role for "a very long time to come" after she appeared visibly upset in parliament as rumours swirled around her future.

A federal lawsuit accuses President Donald Trump’s administration of systematically targeting brown-skinned people in Southern California during an ongoing immigration crackdown that has put the region “under siege.”

The Prime Minister said it was ‘absolutely wrong’ to suggest the Chancellor’s visibly tearful appearance in the Commons related to the welfare U-turn.

New neighbourhood health services will be rolled out across the country to bring tests, post-op care, nursing and mental health teams closer to homes.

Music mogul guilty of engaging women in prostitution but cleared of trafficking and racketeering; four major banks are not making it easy for customers to claim bonus deal

THE INDEPENDENT VIEW: Editorial: Labour’s overhaul of the benefits system failed because it was clearly a raid by the Treasury looking for savings at speed. The government should produce a Beveridge report for the 21st century – or risk a future, right-wing government taking up the challenge

Chaotic PMQs sees chancellor upset – reportedly after clash with speaker – as PM fields questions over black hole left by U-turn