The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.
The prime minister is "weighing up his options" ahead of a cabinet meeting on Tuesday morning after members of his government told him he should set a timetable for his departure.
Radical economic reforms such as cutting national insurance and overhauling capital gains tax are Labour's only ways of winning back voters they have lost to Reform and the Greens, a report will warn.
After Labour lost almost 1,500 councillors in England - as well as control of the Welsh Senedd for the first time - Sir Keir Starmer is under pressure.