Taxpayers may have breathed a sigh of relief today when Keir Starmer ruled out an emergency Budget this Spring. If they believed him.

Rachel Reeves and Keir Starmer end the week in a better political position than they began it. Market movements have settled, the chatter about Reeves’ position has mostly ended, and the pair have shifted into fight-back mode.

The prime minister told an audience in east London that he is ‘completely confident’ in his team as pressure grows over the economy

Keir Starmer has insisted Rachel Reeves will be chancellor “for many, many years to come” amid fierce criticism of her performance in the job. The prime minister delivered his vote of confidence following days of negative news on the economy.

ANALYSIS: The Conservative leader is scoring points against Starmer and Reeves but to triumph she needs to convince the country she will be a better PM than Nigel Farage

Prime Minister refuses to guarantee Chancellor’s position, with his spokesman later forced to insist she will stay in post

And yet the markets are collectively passing a verdict on Starmer and Reeves's economic plan right now and it isn't exactly a ringing endorsement – and wobbly markets can prompt political wobbles. These shouldn't be overstated, but neither should they be ignored.

Keir Starmer, whose new government is under pressure on the economic front has broken cover on the U.K.’s AI strategy.

UK Prime Minister Keir Starmer said he has “full confidence” in Chancellor of the Exchequer Rachel Reeves and stressed that his government would stick to its fiscal rules in response to a surge in UK borrowing costs.

The PM claimed the Chancellor was doing a ‘fantastic job’ despite the controversy over her Budget and the Pound’s drop in value

Prime Minister Sir Keir Starmer has declined to confirm Rachel Reeves will be Chancellor at the next general election.

Michael Saunders, a former member of the BoE's monetary policy committee which sets interest rates, said the latest inflation figure would be "some help" in trying to ease some of the worries over the UK economy - more on that in our next post.