UK in dire straits after finance minister's tears rattle markets - Echo Global News

Thursday, July 3, 2025

UK in dire straits after finance minister's tears rattle markets



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All eyes are now on the U.K.'s ruling Labour Party for any sign of further political fractures that could rattle Britain's economic stability, after the extraordinary sight of the country's finance minister crying in parliament on Wednesday.

U.K. bond yields spiked and the pound sank against the dollar and euro as tears fell down Chancellor Rachel Reeves' face, as an apparently unaware Prime Minister Keir Starmer failed to back her when asked about her position during a heated parliamentary debate.

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