Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.

Borrowing - the difference between spending and tax revenue - was £17.8bn last month, putting more pressure on the chancellor.

Chancellor of the Exchequer Rachel Reeves said the chair of Britain’s antitrust watchdog stepped down because he knew it was time to “make way for someone who does share the mission” of her Labour government to prioritize growth.

UK borrowing costs rose unexpectedly to £17.8billion in December, but Chancellor Rachel Reeves remains confident in the country's financial health following the October budget. This figure was around 25 per cent higher than what economists had predicted and was £10.

Off-duty deaths in service will be subject to inheritance tax as children or partners of unmarried servicemen face charges.

Rachel Reeves has hinted she could face down Cabinet ministers in a bid for Heathrow's expansion amid a push for growth. The Chancellor is expected to use a speech on growth next week to support a proposed third runway at the West London Airport and endorse expansion at Gatwick and Luton Airports.

Pensions minister Torsten Bell (pictured), who has just arrived at the Treasury, has previously questioned the sustainability of the triple lock.

Anne is in Davos where Chancellor Rachel Reeves is kickstarting her economic fightback. The chair of the Competition and Markets Authority has been moved on and there are big moves on AI, nature and unemployment. But will it all create the growth the chancellor is desperately seeking?

As any football fan knows, statements of support from the board are rarely followed by good news. As in football, so in finance, and the Treasury’s attempt to dismiss as “pure speculation” the suggestion that yields on Government debt spiking to their highest level since 2008 could put Chancellor Rachel Reeves in breach of her own fiscal rules do not seem likely to inspire confidence.

Rachel Reeves was flying back from China into an economic storm as the Pound lost further ground against the Dollar and the cost of long-term Government borrowing hit a new high early on Monday.

The chancellor is weathering choppy economic waters – but the roots of these date back much further than Reeves’ time in the job.

CHANCELLOR Rachel Reeves is set to support a third runway at Heathrow Airport and endorse the full-time use of a second runway at Gatwick Airport. Plans to introduce an additional runway at