Chancellor of the Exchequer Rachel Reeves said Britain will meet its fiscal rules “at all times,” blaming the recent spike in UK borrowing costs on global market volatility and deflecting questions on how she plans to stabilize Britain’s public finances.
“I don’t believe that it’s reasonable to suggest that the reason why bond yields in the United States, Germany and France have risen is because of decisions made by this government,” Reeves said in the House of Commons on Tuesday, as she told a Conservative MP to “get real” for suggesting her policies have contributed to a selloff in UK bonds. “There’s been global volatility in markets.”