Bond markets rallied as it appeared Ms Reeves would now be safe when a Cabinet reshuffle takes place, despite a series of blunders including cuts to winter fuel allowances, which Labour has partially reversed, and an attempt to reduce the number of people claiming Personal Independence Payments, now postponed indefinitely pending a review.

RACHEL Reeves was in tears this afternoon as Sir Keir Starmer refused to guarantee her job amid Labour’s humiliating welfare fiasco. Tears trickled down the Chancellor’s cheek as she