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Do-nothing Reeves puts Treasury rules first
Chancellor of the Exchequer Rachel Reeves speaks during a visit to Jaguar Land Rover in Birmingham, April 7, 2025
DEFENDING Treasury rules is Labour’s priority amid the global economic turmoil, Chancellor Rachel Reeves confirmed today.
She warned MPs that the fiscal rules limiting government debt and spending remained “sacrosanct” even as more Labour voices are raised to demand their relaxation.
And Prime Minister Keir Starmer told a committee of MPs that his instinct was not to “jump in with both feet to retaliate” to US President Donald Trump’s tariffs.
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Instead of responding to changed circumstances by adjusting policy, Reeves is using fiscal ‘rules’ as an excuse to force government departments to make even deeper cuts than she had already flagged, says CLAUDIA WEBBE
