Reeves says ‘if economy ain’t broke, don’t fix it’ - as fight to keep her job goes on

Whoever wins the Labour leadership battle, the chancellor’s prospects for staying in post have risen given the GDP boost

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• UK economy records surprise 0.3% growth despite Iran war

The message from Rachel Reeves is clear. After Britain’s economy defied the predictions for a slump in March, despite the fallout from the Iran war, why put things at risk with a roll of the dice in domestic politics?

Responding to bumper growth of 0.3% in March – much stronger than City economists’ forecasts for a 0.2% contraction – the chancellor said the figures showed she had the right economic plan, in a comment laced with subtext.