The Chancellor refused to rule out further tax hikes in her next Budget, saying "there are costs" to the Government's policies.

Rachel Reeves has said she had had "a tough day" and had been "clearly upset", as she gave her first interview since crying in the House of Commons on Wednesday. She did not go into details behind the incident saying she had been dealing with "a personal issue" adding: "Today's a new day and I'm just cracking on with the job.

The prime minister and chancellor shared a hug as they moved to calm the markets after a tumultuous week which saw tears in the Commons during PMQs