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UK PM gives full backing to Reeves after tearful appearance in parliament
- Chancellor Rachel Reeves was seen wiping away tears during Wednesday's parliamentary session, as her welfare reform plans faced intense criticism.
- This followed a last-minute U-turn that scrapped key welfare reform measures to avoid a Labour backbench rebellion, which erased nearly £5 billion in planned savings.
- Reeves intended to use these savings to fund spending through tax receipts and has committed to fiscal rules limiting borrowing, but market fears grew over her job security.
- Kemi Badenoch criticized Reeves as 'absolutely miserable' and questioned if she would remain chancellor until the next election, while the Prime Minister and Starmer's office affirmed she has full backing.
- Reeves will continue working out of Downing Street despite the challenges, and the government must address the resulting budget deficit possibly through tax increases or spending cuts.
78 Articles
78 Articles
«Clearly yesterday I was affected...». With these words, the UK Minister of Economy, Rachel Reeves, justified this Tuesday, as she resumed her agenda, the tears she shed on Monday during the question session of the Prime Minister in the House of Commons, which not only captured headlines but caused the fall of the pound sterling. Her sudden departure from the hemicycle, visibly excited, had been anything but ordinary.
The rumour of a potential ejection of the government has swelled after a viral sequence where we see Finance Minister Rachel Reeves in tears in Parliament this Wednesday. Keir Starmer, Prime Minister, denied his departure.
UK finance minister Rachel Reeves has been crying in the House of Commons – and has been causing fierce reactions, even in the markets. Labour politicians are now responding to speculation.
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