On Wednesday 3 September, a mobile phone was found during a routine search of the House of Commons chamber by Met officers. Inquiries have led officers to believe that the phone was purposely placed in a location with the aim of causing disruption to business in the house. An investigation has been launched and inquiries are ongoing. We have updated the speaker and clerk of the house.
The markets, which quickly responded unfavourably, did not wait for media coverage to decide to trade against Britain. Perhaps counter-intuitively, those market movements point the way through this for Reeves.