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Originally Posted by Hugh
Where is that being reported, please?
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Borrowing costs jump and pound falls on Chancellor's tears
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Borrowing costs have surged and the pound has fallen after a tearful appearance by Chancellor Rachel Reeves in parliament.
Reeves was at Prime Minister's Questions on Wednesday following the government's U-turn on plans to cut billions of pounds through welfare reforms.
Markets reacted after her emotional state sparked speculation about her position in government.
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Link
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XTB analyst Kathleen Brooks commented: “The sharp rise in bond yields happened during PMQs, the leader of the opposition asked the Prime Minister if he would confirm if Rachel Reeves would remain as Chancellor.
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To be fair, Starmer could never had said anything else. Same for any other PM in that situation.