Rachel Reeves Clears Air on Rental Licence Error Ahead of Crucial Budget

British Finance Minister Rachel Reeves took steps on Thursday to clarify her role in the rental licence oversight, aiming to avert a potential crisis for the government. Reeves disclosed emails between her husband and a property company, indicating the company had assured them it would secure the required licence.

With critical budget talks slated for November 26, questions of intentional rule-breaking had loomed over Reeves. Prime Minister Keir Starmer expressed support for her, following her apology, dismissing demands for further investigation into the matter.

Amidst opposition calls for a full probe, new correspondence delivered to the government's ethics adviser clarified the situation, leading to minor fluctuations in British government bond prices. Reeves, now under pressure to maintain fiscal promises, is facing increased scrutiny from both colleagues and critics.