UK govt backs finance minister after tears in parliament

British Prime Minister Keir Starmer, left, with Chancellor of the Exchequer Rachel Reeves successful parliament connected Wednesday. Photo: - / PRU/AFP
Source: AFP

The British authorities said Wednesday that concern curate Rachel Reeves was "going nowhere" aft she appeared visibly upset successful parliament arsenic rumours swirled astir her future.

Tears rolled down Reeves's look aft Prime Minister Keir Starmer declined to warrant that she would stay successful spot until the adjacent wide election, apt successful 2029.

It came aft Starmer's Labour authorities U-turned implicit cardinal payment reforms, wiping retired a multibillion-pound boost to nationalist finances and triggering speculation that Reeves could suffer her job.

The lb slumped much than 1 percent against the dollar connected Wednesday and London's banal marketplace retreated amid the speculation.

A spokeswoman for Starmer aboriginal told reporters that Reeves had his "full backing", portion a spokesperson for Reeves said she had been upset owed to a "personal matter".

"The Chancellor is going nowhere. She has the Prime Minister's afloat backing," Starmer's property caput said.

Asked wherefore helium had not confirmed religion successful Reeves erstwhile asked successful the House of Commons, she said: "He has done truthful repeatedly."

"The Chancellor and the Prime Minister are focused wholly connected delivering for moving people," she added.

Asked astir Reeves's tears, her spokesperson said: "It's a idiosyncratic matter, which, arsenic you would expect, we are not going to get into."

"The Chancellor volition beryllium moving retired of Downing Street this afternoon," helium said.

Starmer backed down connected the payment plans connected Tuesday aft a rebellion by MPs from his ain party, successful a large stroke to his authority.

It has besides near an astir £5 cardinal achromatic spread successful Reeves's plans, starring to the anticipation that she volition person to rise taxes connected "working people", thing that she has repeatedly ruled out.

Reeves has besides ruled retired tweaking her self-imposed regularisation that day-to-day spending should beryllium met done taxation receipts alternatively than borrowing.

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Source: AFP