Rachel Reeves
Rachel Jane Reeves is a British politician who has served as Chancellor of the Exchequer since 2024. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010. She held various shadow ministerial and shadow cabinet portfolios between 2010 and 2015 and from 2020 to 2024.
Standing...
Stories...
Jun 5, 2026
Lean Right
The Chancellor is defending her Autumn Budget decisions, including a 1.2 percentage point rise in employer National Insurance contributions and a lowered threshold, which business groups say will kill jobs and suppress wages.
Conservatives view Reeves as ideologically committed to higher taxation despite campaign denials, and point to business warnings about hiring freezes as early evidence the Budget was economically illiterate.
Jun 5, 2026
Lean Right
The Chancellor is facing criticism over weak growth data, business confidence falling after the Autumn Budget, and warnings from the OBR and Bank of England about fiscal headroom evaporating.
Conservatives argue Reeves has damaged the economy through the National Insurance hike on employers, which they say is already feeding through into hiring freezes and reduced investment.
Jun 5, 2026
Lean Right
Reeves is defending the October 2024 Budget amid mounting evidence that the employers' National Insurance hike is suppressing hiring and pushing up prices for consumers.
The Conservative critique centres on Reeves as an ideologically driven Chancellor who prioritised public sector spending and union payoffs over growth, with stagflation risks now materialising.