Rachel Reeves had her first major chance to respond to the market chaos of the past week, as her long-planned statement to the House of Commons about her trip to China turned into a Q&A about the tumbling pound and soaring government borrowing costs.

By Suban Abdulla and David Milliken LONDON (Reuters) -British inflation slowed unexpectedly last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to official data that will be welcomed by Finance Minister Rachel Reeves after a market selloff.

The cost of Government borrowing eased on Wednesday morning in a tentative sign of relief among traders after more heightened economic concerns.