Rachel reeves

Thursday

Tim Shipman

How bad could the energy price crisis get in Britain?

The energy price surge caused by war in the Middle East has sent shockwaves through Westminster. It has pushed up inflation and the cost of borrowing, causing panic in the cabinet and the recognition that government intervention could be needed on a vast scale to support the cost of living. The UK Prime Minister told a private audience: "The assumption that the growth of the developed countries can proceed steadily on the basis of cheap energy has been shattered almost overnight." He further observed: "The problem is not simply one of inflation. It is the whole structure of the economy." In the Treasury there is something approaching a siege mentality. The Chancellor has "to spend [her] time firefighting.

energy crisis

Wednesday

Cockburn

Is Britain’s Rachel Reeves the new Hillary Clinton?

Britain's Chancellor of the Exchequer Rachel Reeves, the second most powerful politician in the country, shed a few tears from the front row of the government benches in the House of Commons during the weekly Prime Minister's Questions session. Her boss Prime Minister Keir Starmer – to her mounting horror – pointedly refused to confirm whether she'd be staying in her current post. "We’ve got free school meals, breakfast clubs, we’ve got £15 billion invested in transport funds in the North and the Midlands. We’re cutting regulation, planning and infrastructure is pounding forward," Starmer said with affected bolshiness.

Reeves

Friday

Cosmo Landesman

A tale of two parties

This is a tale of two London parties. They say something about London society, status, power, fame and fun — but I’m not sure what exactly. Party one was what I call a Power Party. It was full of famous faces from the upper echelons of British politics and media. I spotted chancellor of the Exchequer Rachel Reeves talking to the former Tory chancellor George Osborne and the former foreign secretary David Miliband. Party two was what I call a Pulchritude Party — a dazzling array of beautiful women and handsome men. There was a mix of young writers, journalists, lawyers, filmmakers and artists. It did not have the high social wattage of name recognition that the Power Party had — but it had beauty and youth on its side.

parties