Chancellor Rachel Reeves seeks solutions after Budget triggers market turmoil

Chancellor Rachel Reeves has faced criticism after her recent Budget led to market panic and rising government borrowing costs. She has asked Cabinet ministers for new ideas to boost economic growth amid fears of breaching fiscal rules. Reeves' first Budget left over £9 billion in fiscal headroom, but current conditions may force tax increases or spending cuts. She plans to deliver a significant speech to reassure investors and has instructed ministers to stop anti-growth measures. Critics, including Tory officials, have accused Reeves of losing control of public finances. They have also criticized her for traveling to China during this economic turmoil, calling for her to focus on domestic issues instead.