Overview

• Starmer created a Downing Street operational cell to supervise the economy, with Darren Jones promoted to chief secretary in his office.
• UK government bond yields rose to near three-decade highs after the overhaul, widening the gap with other G7 borrowers.
• The move is portrayed as weakening Chancellor Rachel Reeves, who is due to deliver a high-risk fiscal statement next month.
• Minouche Shafik was appointed senior economic adviser and Tim Allen returned as communications director to tighten policy and messaging.
• Polls cited in the coverage show Labour sliding while Reform UK leads near 35%, with immigration protests heightening social tension.