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Political Thinking with Nick Robinson

The Rachel Reeves Chancellor One

Political Thinking with Nick Robinson

BBC

News, Politics

4.62.4K Ratings

🗓️ 17 January 2025

⏱️ 35 minutes

🧾️ Download transcript

Summary

The Chancellor reflects on her first six months in power and what lies behind her determination that she has "what it takes" to "turn things around".

Producer: Daniel Kraemer

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, podcasts.

0:05.0

Hello, welcome to political thinking.

0:07.4

The first in a new series of conversations rather than interrogations with people who shape our political thinking about what has shaped theirs.

0:16.7

We're in the Treasury today.

0:19.1

It's been in the eye of a political and economic storm,

0:23.2

highlighted by a front page in The Daily Star, which asked playfully on its front page,

0:29.1

should we be popping out for another lettuce? What it wanted to know is whether my guest this week,

0:34.8

the Chancellor Rachel Reeves, was, like Liz Truss before her, the woman

0:39.9

labelled the lettuce, going to last for less time than that salad leaf. Now, beyond the joke was

0:46.5

something rather serious. Worries in international financial markets. Worries about the fact that

0:53.0

Britain was not growing fast enough and was being

0:57.1

expected to pay more to finance government debt. Let's talk now to my guest, the Chancellor,

1:05.4

Rachel Reeves. Morning to you and thanks for having us here. Good morning.

1:08.7

The Treasury. It's been quite a week. How has it been for

1:11.6

you? So I've been in this job for just over six months now. There hasn't been a week that

1:19.1

hasn't presented its challenges, if I'm entirely honest. My first weekend in the treasury was when

1:25.3

I was confronted with the fiscal inheritance and the huge

1:29.7

gap in the public finances.

1:32.1

And this week has presented its challenges.

1:34.7

And it has globally.

1:36.1

There's been quite big movements in global financial markets.

1:40.4

And Britain has not been immune to those. lots of uncertainty about what's happening in the

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