Will observe strict fiscal rules in Britainaccording to the Prime Minister of the United Kingdom Star star in order to calm the market’s nervousness about the future of Finance Minister Rachel Rives.
“It is an excellent Ministry of Finance- it will be a minister for a long time until the next elections and after them,” Kir Starmer told Virgin Radio UK today Thursday (3.7.2025). “She and I are completely committed to our fiscal rules and the financial stability that is so important to the country – this is the rock on which we build everything else.”
The British prime minister is trying to calm the climate in the markets, after speculation that Reeves can be replaced as Chancellor has caused the fall of British government bonds, pounds and shares yesterday. This, in turn, was triggered by the tearful appearance of Reeves in Parliament, the day after a key government overthrow that had left her spending plans. Starmer said her tears were for a “personal” issue that had nothing to do with himself or politics.
“Unlike what people may believe, it has nothing to do with politics, it has nothing to do with this week’s ups and downs or its relationship with anyone in the Labor Party,” he said. “They are purely personal.”
British bonds were leaping on Thursday morning after the prime minister’s support in his Chancellor reassured the markets. The pound led its main similar ones, and the stock reference index scored a rally, winning the eurozone counterparts.
The day before the anniversary of the overwhelming election victory of the labor, Starmer will publish today the 10 -year government’s plan for health, one of the government’s emblematic policies to achieve the “change” they promised during that campaign. But inevitably, attention remains on the Ribs and in the state of the United Kingdom’s finances.
In an interview with the BBC, Starmer refused to answer how Reeves would fill the gap in her plans that opened the government’s turn on Tuesday to a set of social welfare reforms aimed at saving £ 5 billion ($ 6.9 billion). The overthrow was forced by the threat of a large uprising through the Labor Party itself.
Asked about how Reeve is now, Starmer said he was “good”. “It’s very durable and strong,” he said, describing her as “a really strong woman”.
Despite Starmer’s insistence that Reeve remains in place, betting players bet on her potential successor, with Minister Pat Mcfaden and Ribs deputy at the Treasury Darren Jones at the top. However, market reaction on Wednesday shows that the replacement of a chancellor is risking, without necessarily offering an upward trend for Starmer, whose Labor Party follows the polls by the United Kingdom’s Popular Reform Party.
“You see in the polls that the political fate of both the star and the Reeves is very tied to each other,” said Luke Tril, director of the British polling company More in Common, on the Today BBC Radio 4 show. “I don’t think it is obvious that a change would help.”