Is Rachel Reeves now unsackable?
The News Agents
Global
4.2 • 4.3K Ratings
🗓️ 3 July 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
Keir Starmer did a round of interviews this morning in a show of support for his Chancellor. And the reason was clear. After she cried in the Commons chamber yesterday the bond markets started to panic.
If Rachel Reeves leaves the government, so the theory goes, her fiscal rules, her commitment to economic discipline, could be revisited. So after a bumpy week - for both Reeves and the government - has she proved to be unsackable?
And if it is the same Rachel Reeves who is to blame for some of the policy blunders made in the first twelve months of Keir Starmer's premiership - is that a problem?
We speak to Wes Streeting about that, as well as if he'd ever be tempted to take Ozempic...
The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/
Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:09.1 | This is a global player original podcast. |
| 0:12.9 | Well, clearly I was upset yesterday and everyone could see that. |
| 0:18.4 | It was a personal issue and I'm not going to go into the details of that. |
| 0:24.0 | But my job as Chancellor at 12 o'clock on a Wednesday is to be at PMQ's next to the Prime |
| 0:29.2 | Minister supporting the government and that's what I try to do. I guess the thing that maybe is a bit |
| 0:36.1 | different between my job and many of your |
| 0:39.9 | viewers is that when I'm having a tough day, it's on the telly, and most people don't have to |
| 0:44.2 | deal with that. A cheerful and confident-looking Chancellor there, making her first statement |
| 0:50.2 | since the upset yesterday that we all saw live on television. She's insisting the issue was |
| 0:58.3 | personal, and yet her tears moved markets. So I guess the question is, how much has her future |
| 1:07.0 | been cemented by what happened at PMQ's? Because if yesterday was all about maximum |
| 1:16.0 | vulnerability, today, because of those market reactions, has she become impregnable, unsackable |
| 1:24.9 | for Kirstama? Welcome to the newsagents. |
| 1:32.3 | The Newsagents. |
| 1:34.3 | It's John. |
| 1:35.3 | It's Emily. |
| 1:36.3 | It's Lewis. |
| 1:37.3 | Lewis is back from his cabin. |
| 1:39.3 | I am back from my cabin. |
| 1:40.3 | Yes, yes. |
| 1:41.3 | I'm looking rather bronzed, actually. |
... |
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