Chancellor in the line of fire: Can Reeves survive the Labour leadership battle? asks ALEX BRUMMER

Chancellor Rachel Reeves finds herself under intense scrutiny as Labour's leadership battle heats up, with many questioning her ability to retain her position. Her primary safeguard has been the market's apprehension about the potential instability caused by her removal from the Treasury. This turmoil matters because the stability of the gilts market has significant implications for economic confidence and financial stability in the UK. Reeves' fate could influence broader Labour Party dynamics and potentially sway the economic policies that will shape the nation's financial future.