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.
Joe Mayes is a U.K. Government Reporter at Bloomberg News. He specializes in business and economics, covering a range of topics including the economy, finance, investment, and government politics, with a particular focus on the United Kingdom's market dynamics, inflation, and taxation. Joe's work has been featured in prominent publications such as The Washington Post, Fortune, and The Sydney Morning Herald.