Skip to main content
Donate to the 95 years appeal
Ministers urge Starmer to curb Reeves axe
Chancellor of the Exchequer Rachel Reeves makes her keynote speech during the International Investment Summit in London, which brings together up to 300 industry leaders to boost investment in the UK, October 14, 2024

ANXIOUS Labour ministers have started appealing to Prime Minister Sir Keir Starmer to protect them from the ferocious spending cuts being demanded by Chancellor Rachel Reeves.

Panic is spreading as the October 30 Budget announcement approaches and Ms Reeves struggles to close a “black hole” that appears to expand with every retelling.

Several ministers, mainly from the Cabinet’s social-democratic wing, have protested to Downing Street about the spending reductions that the Treasury is demanding.

Deputy Prime Minister Angela Rayner, who is responsible for housing, and Transport Secretary Louise Haigh are understood to be among those worried at the scale of the cuts. 

Education Secretary Bridget Phillipson, from the party’s right, unsubtly told the media today that “education is always a priority for a Labour government.”

Their departments are likely to be among those that have missed the deadline for agreeing their budgets with the Treasury and are now seeking the Prime Minister’s intervention.

But Sir Keir is likely to stand by his Chancellor, who is now apparently looking for £40 billion in cuts or revenue increases to eliminate the inherited deficit and free up funds for investment.

A Treasury source told the Times that the ministers were “using a classic trade union negotiating tactic. But we don’t have any spare cash lying around to give them.”

And Sir Keir’s spokesman said government departments would have to undertake reforms. 

He said: “Not every department will be able to do everything they want. There will be tough decisions taken.”

It is further believed that Ms Reeves will seek to raise the rate of capital gains tax paid on share sales, but not property transactions, from its present 20 per cent.  

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Prime Minister Keir Starmer speaking at the British Chambers of Commerce Global Annual Conference at the QEII Centre, London, June 26, 2025
Welfare / 26 June 2025
26 June 2025
Prime Minister Keir Starmer at the British Chambers of Commerce Global Annual Conference at the QEII Centre, London, June 26, 2025
Britain / 26 June 2025
26 June 2025
Former Labour Party leader Jeremy Corbyn speaking at the People's Assembly Against Austerity protest in central London, June 7, 2025
Politics / 26 June 2025
26 June 2025
Similar stories
angela rayner
Economy / 21 May 2025
21 May 2025

Rayner’s call for tax rises over cuts falls on deaf ears

Prime Minister Sir Keir Starmer and Chancellor of the Excheq
Britain / 27 November 2024
27 November 2024
Chancellor of the Exchequer Rachel Reeves makes her keynote
Britain / 16 October 2024
16 October 2024
Prime Minister Sir Keir Starmer speaks to the media in Downi
Britain / 15 October 2024
15 October 2024