UK politics – live: Reform level with Labour in new poll as Treasury responds to gloomy economy update

Sir Keir Starmer faces a political setback as a new poll predicts Labour would lose its overall majority in an election, with Reform and Tories close behind in popularity. The poll suggests Labour would remain the largest party but lose 173 seats, with Reform jumping to second place and Tories left with only 89 seats. A viable government could only be formed through a deal between Labour, Lib Dems, and SNP, while concerns over the economy persist with a plummeting pound and increasing government borrowing costs.

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