After a tsunami of economic gloom, Rachel Reeves – like King ... Labour’s friends at the Resolution Foundation think tank calculate that since Reeves’ hated Budget, the rise in bond yields ...

RACHEL Reeves has suffered a new setback after a surplus in government finances came in more than £5billion below forecasts.

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

According to an influential think tank, the chance that the Chancellor will meet her fiscal rules remains on a “knife edge” even though borrowing costs have edged lower in recent weeks.

Rachel Reeves has indicated that spending cuts will have to be found to fund a boost to the defence budget ...