Rachel Reeves

Chancellor of the Exchequer

Rachel Reeves

Chancellor of the Exchequer

Labour Leaders' Luxury: Starmer and Reeves Dodge Energy Hikes with 'Cap' on Downing Street Bills

Keir Starmer and Rachel Reeves, the PM and Chancellor, respectively, are exempt from some of the April bill hikes due to the "cap" on bills at their Downing Street flats. They only pay 10% of their ministerial salaries (£3,000) towards utilities and expenses, which won't increase. Additionally, they benefit from low council tax rates in Westminster, with a Band H charge of £2,034 for their residences, compared to over £5,000 in Rutland.

Reeves Drops Concert Tickets After Backlash: No More Free Shows for Chancellor

Chancellor Rachel Reeves has decided not to accept free concert tickets again after facing backlash over her attendance at a Sabrina Carpenter gig. She had previously defended accepting £600 worth of tickets for herself and a family member, citing security needs and wanting to do "normal everyday things" with her family. However, she now says she understands the negative perceptions and has no intention of taking concert tickets in the future, only accepting free hospitality if necessary for work events like formal dinners or events.

Reeves Proposes Deep Spending Cuts Amid Global Economic Uncertainty

  • Friday, 07 March 2025

Rachel Reeves' proposed spending cuts will trigger significant political arguments. The cuts confirm that the Office for Budget Responsibility (OBR) believes the Chancellor's "headroom" has been eliminated, eliminating any leeway before breaking self-imposed borrowing rules. The government attributes this to global factors such as President Trump's tariffs and inflation, while the Conservatives argue that rising borrowing costs predated Trump's presidency and tax rises in the October Budget stunted growth.

Stain on Our Country: Chancellor Condemns Rise in Young People Not Working or Studying

  • Tuesday, 04 March 2025

Rachel Reeves, the Chancellor, described having nearly a million 18-24 year-olds not in employment, education, or training as a "stain on our country". She emphasized the importance of addressing this issue, highlighting the fact that many young people are wasting the "best time of their lives" at home doing nothing.

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