Financial regulators have decided not to immediately investigate Rachel Reeves and the Treasury over pre-budget briefings but left the door open to further examine what the Conservatives claimed amounted to market manipulation.

The Financial Conduct Authority released a statement on Thursday saying it had turned down a request by politicians including the shadow chancellor, Mel Stride, to open an inquiry into briefings made before last week’s announcement by the chancellor.

It said had decided not to commence “an enforcement investigation” into potential market abuse but said it would consider the findings of a Treasury inquiry into pre-budget leaks . OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over Read more

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