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Exclusive: Rachel Reeves On Her 'Weird' Life And Why She Won't Change Course

2 5
28.03.2025

Rachel Reeves leaves 11 Downing Street to deliver her Spring Statement.

“My life is a bit weird these days,” Rachel Reeves candidly admits just hours after delivering her Spring Statement to a packed House of Commons.

She is sitting with HuffPost UK in her small office inside the rabbit warren that is 11 Downing Street.

Having endured a torrid nine months since taking up her role in the wake of Labour’s landslide election victory, it is perhaps unsurprising that she seems tired.

The widespread criticism of decisions like removing winter fuel payments from 10 million pensioners, hiking the employers’ rate of National Insurance and slashing nearly £5 billion from the welfare bill have clearly taken their toll.

“Rachel is very bruised and feels like she’s been made the public face of all the unpopular things that the government is having to do,” one ally said. “Being chancellor is a very lonely position when the economy is in trouble.

“She is effectively the domestic prime minister, which means she has to do a lot of things that people don’t like. It’s not a surprise that she sometimes just looks beaten.”

Reeves has become a lightning rod for the mounting public and political anger that threatens to engulf Keir Starmer’s government.

Nevertheless, there is no sign of her changing course. Calls to increase taxes on the wealthy, or for the government to borrow more rather than impose deep cuts on unprotected Whitehall departments are, for now, falling on deaf ears. The lady, it seems, is not for turning.

“It’s a job that I’ve always dreamed of doing, it’s a job that I’ve always wanted and it’s a huge privilege to be in this role and work with all of the talented people at the Treasury,” Reeves says.

She points to the fact that

© HuffPost