London | British Prime Minister Keir Starmer has been forced to defend his embattled chancellor, as a sell-off of UK government bonds drove yields to highs not seen since the turn of the century.
Sir Keir said Chancellor Rachel Reeves, a trained economist, had his “full confidence”. But he stopped short of guaranteeing she would keep her job – akin to Australia’s treasurer – for the full four or five years of this parliamentary term.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
