UK finance minister, hit by market woes, stands firm on growth [Video]

Britain’s finance minister Rachel Reeves on Tuesday insisted the Labour government needed to “go further and faster” in its bid to kickstart economic growth in the face of UK markets turmoil.

The chancellor of the exchequer, in the role for just over six months following Labour’s election win, faced a renewed call to resign by the main opposition Conservative party during a heated exchange in parliament.

The British pound slumped and government borrowing costs soared over the past week as markets reacted to a struggling UK economy — even if a recent runup in bond rates and renewed inflation concerns are not limited to Britain.

“We have seen global economic uncertainty play out in the last week,” Reeves told parliament Tuesday.

“But leadership is not about ducking these challenges, it is about rising to them. The economic headwinds that we face are a reminder that we should — indeed, we …