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.

Chancellor of the Exchequer Rachel Reeves said UK regulators are preventing her government from boosting an economy that has flat-lined since Labour came to power last July.

Rachel Reeves had her first major chance to respond to the market chaos of the past week, as her long-planned statement to the House of Commons about her trip to China turned into a Q&A about the tumbling pound and soaring government borrowing costs.

A reprieve for the UK gilts market will be welcome after a torrid week.

The International Monetary Fund has offered only luke-warm support for Rachel Reeves’ big-spending budget, upgrading its growth forecast for this year by just 0.1 percentage points and leaving it as the third fastest growing Group of Seven economy behind the US and Canada.

Rachel Reeves came into government promising a growth miracle, economic security and stability in the public finances. Six months in and her project is close to being in tatters.”

Andrew Bailey has warned Rachel Reeves against slashing regulations in her drive for growth, cautioning that “none of us will be forgiven for missing the next crisis”.

The embattled UK government will struggle to wrestle back the confidence of investors, with gilts and the pound set to extend their recent losses, according to the latest Bloomberg Markets Live Pulse survey.

Rachel Reeves is safe in her position as Chancellor of the Exchequer, one of the most senior members of Prime Minister Keir Starmer’s cabinet said, after the market turmoil that hit UK assets in recent days raised questions about the future of Britain’s finance minister.

The UK’s push to deregulate its way to growth has got veterans of the last financial crisis worried that it’s sowing the seeds for another crash. Most Read from BloombergThese Homes Withstood the LA Fires.

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.

Chancellor Rachel Reeves is set to meet with a group of watchdogs today in a bid to kickstart the cutting of red tape in a push to growth.