The week beings on Holocaust Memorial Day, marking 80 years since the liberation of Auschwitz-Birkenau. For that reason, there are no big government announcements today, but Sam and Anne will take you through Westminster's agenda for the week - a big one for Rachel Reeves.

Taxpayers may have breathed a sigh of relief today when Keir Starmer ruled out an emergency Budget this Spring. If they believed him.

The prime minister told an audience in east London that he is ‘completely confident’ in his team as pressure grows over the economy

Pressure mounts on Reeves as Starmer refuses to guarantee future of her job - Sir Keir Starmer declined to say the Chancellor would remain in post until the election.

And yet the markets are collectively passing a verdict on Starmer and Reeves's economic plan right now and it isn't exactly a ringing endorsement – and wobbly markets can prompt political wobbles. These shouldn't be overstated, but neither should they be ignored.

UK Prime Minister Keir Starmer said he has “full confidence” in Chancellor of the Exchequer Rachel Reeves and stressed that his government would stick to its fiscal rules in response to a surge in UK borrowing costs.

The Chancellor, who has disparagingly been dubbed "Rachel from accounts" in some circles, is on the defensive after the pound sunk to a 14-month low yesterday.

Rachel Reeves and Keir Starmer end the week in a better political position than they began it. Market movements have settled, the chatter about Reeves’ position has mostly ended, and the pair have shifted into fight-back mode.

The PM claimed the Chancellor was doing a ‘fantastic job’ despite the controversy over her Budget and the Pound’s drop in value

Sir Keir Starmer has insisted Rachel Reeves will remain Chancellor for 'many years' as he clashed with Kemi Badenoch over the economy, Tulip Siddiq's resignation and the Chagos Islands 'surrender ...

Michael Saunders, a former member of the BoE's monetary policy committee which sets interest rates, said the latest inflation figure would be "some help" in trying to ease some of the worries over the UK economy - more on that in our next post.

Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall Street Journal and the Financial Times.