The government cannot be said in the British system to be the Prime Minister’s government. It is the Queen’s, or King’s, government. The constitutional position is that Prime Minister serves merely at the pleasure of the monarch and although it is described, frequently and mistakenly, as the government of the occupant of Number 10, it isn’t. He or she is appointed by the Queen as her chief minister, usually after an election.
Will Reeves’s Halloween Budget spook the markets?
Gilt markets are soaring ahead of the Chancellor’s first Budget.