UK's Reeves is getting on with 'tough' job after upset
Smiling and looking relaxed, Reeves appeared alongside Prime Minister Keir Starmer on Thursday and spoke briefly at an event to launch the government's plans for the state-run health service, before addressing Wednesday's events in a media clip.
"Clearly I was upset yesterday and everyone could see that. It was a personal issue and I'm not going to go into the details of that," Reeves said, adding being finance minister was "tough" but she was "totally" up for the job.
"People saw I was upset, but that was yesterday, and today is a new day, and I'm just cracking on with the job... This is the job that I've always wanted to do."
Starmer gave his full support to Reeves after she was visibly upset during a prime ministerial question session in parliament.
Reeves' tearful appearance came after a bruising week for the government when it was forced to abandon key planks of planned welfare reform, which blew a hole in her budget plans and threatened to undermine her fiscal rules.
British borrowing costs rose and the pound fell as the weekly question-and-answer session unfolded on TV, with market analysts saying the moves reflected concern that Reeves could be replaced and the government thrown into further turmoil.
In her appearance on Thursday, Reeves restated that the government had fixed the foundations of the economy and credited Starmer with their election win one year ago, and told reporters she was "proud of what I've delivered".
Starmer said it was "fantastic" that Reeves was at the event and that he had "every faith in my chancellor", saying she had made important decisions and would be in the job for many years to come.
"We are working in lockstep and we will continue to do so for a very long time," he said.
"That is a good thing for the government, it is a good thing for the country."
Starmer - who initially had not explicitly backed Reeves when asked about her future during the parliamentary exchange - said he did not realise Reeves had been crying, as Prime Minister's Questions is "pretty wild".
Reeves also played down Starmer's initial reaction, saying: "I think people can see that Keir and me are a team."
British finance minister Rachel Reeves has declared she is determined to get on with her job despite its tough moments, a day after she appeared in tears in parliament, sparking fears about her future in the job and triggering a market sell-off.
Smiling and looking relaxed, Reeves appeared alongside Prime Minister Keir Starmer on Thursday and spoke briefly at an event to launch the government's plans for the state-run health service, before addressing Wednesday's events in a media clip.
"Clearly I was upset yesterday and everyone could see that. It was a personal issue and I'm not going to go into the details of that," Reeves said, adding being finance minister was "tough" but she was "totally" up for the job.
"People saw I was upset, but that was yesterday, and today is a new day, and I'm just cracking on with the job... This is the job that I've always wanted to do."
Starmer gave his full support to Reeves after she was visibly upset during a prime ministerial question session in parliament.
Reeves' tearful appearance came after a bruising week for the government when it was forced to abandon key planks of planned welfare reform, which blew a hole in her budget plans and threatened to undermine her fiscal rules.
British borrowing costs rose and the pound fell as the weekly question-and-answer session unfolded on TV, with market analysts saying the moves reflected concern that Reeves could be replaced and the government thrown into further turmoil.
In her appearance on Thursday, Reeves restated that the government had fixed the foundations of the economy and credited Starmer with their election win one year ago, and told reporters she was "proud of what I've delivered".
Starmer said it was "fantastic" that Reeves was at the event and that he had "every faith in my chancellor", saying she had made important decisions and would be in the job for many years to come.
"We are working in lockstep and we will continue to do so for a very long time," he said.
"That is a good thing for the government, it is a good thing for the country."
Starmer - who initially had not explicitly backed Reeves when asked about her future during the parliamentary exchange - said he did not realise Reeves had been crying, as Prime Minister's Questions is "pretty wild".
Reeves also played down Starmer's initial reaction, saying: "I think people can see that Keir and me are a team."
British finance minister Rachel Reeves has declared she is determined to get on with her job despite its tough moments, a day after she appeared in tears in parliament, sparking fears about her future in the job and triggering a market sell-off.
Smiling and looking relaxed, Reeves appeared alongside Prime Minister Keir Starmer on Thursday and spoke briefly at an event to launch the government's plans for the state-run health service, before addressing Wednesday's events in a media clip.
"Clearly I was upset yesterday and everyone could see that. It was a personal issue and I'm not going to go into the details of that," Reeves said, adding being finance minister was "tough" but she was "totally" up for the job.
"People saw I was upset, but that was yesterday, and today is a new day, and I'm just cracking on with the job... This is the job that I've always wanted to do."
Starmer gave his full support to Reeves after she was visibly upset during a prime ministerial question session in parliament.
Reeves' tearful appearance came after a bruising week for the government when it was forced to abandon key planks of planned welfare reform, which blew a hole in her budget plans and threatened to undermine her fiscal rules.
British borrowing costs rose and the pound fell as the weekly question-and-answer session unfolded on TV, with market analysts saying the moves reflected concern that Reeves could be replaced and the government thrown into further turmoil.
In her appearance on Thursday, Reeves restated that the government had fixed the foundations of the economy and credited Starmer with their election win one year ago, and told reporters she was "proud of what I've delivered".
Starmer said it was "fantastic" that Reeves was at the event and that he had "every faith in my chancellor", saying she had made important decisions and would be in the job for many years to come.
"We are working in lockstep and we will continue to do so for a very long time," he said.
"That is a good thing for the government, it is a good thing for the country."
Starmer - who initially had not explicitly backed Reeves when asked about her future during the parliamentary exchange - said he did not realise Reeves had been crying, as Prime Minister's Questions is "pretty wild".
Reeves also played down Starmer's initial reaction, saying: "I think people can see that Keir and me are a team."
British finance minister Rachel Reeves has declared she is determined to get on with her job despite its tough moments, a day after she appeared in tears in parliament, sparking fears about her future in the job and triggering a market sell-off.
Smiling and looking relaxed, Reeves appeared alongside Prime Minister Keir Starmer on Thursday and spoke briefly at an event to launch the government's plans for the state-run health service, before addressing Wednesday's events in a media clip.
"Clearly I was upset yesterday and everyone could see that. It was a personal issue and I'm not going to go into the details of that," Reeves said, adding being finance minister was "tough" but she was "totally" up for the job.
"People saw I was upset, but that was yesterday, and today is a new day, and I'm just cracking on with the job... This is the job that I've always wanted to do."
Starmer gave his full support to Reeves after she was visibly upset during a prime ministerial question session in parliament.
Reeves' tearful appearance came after a bruising week for the government when it was forced to abandon key planks of planned welfare reform, which blew a hole in her budget plans and threatened to undermine her fiscal rules.
British borrowing costs rose and the pound fell as the weekly question-and-answer session unfolded on TV, with market analysts saying the moves reflected concern that Reeves could be replaced and the government thrown into further turmoil.
In her appearance on Thursday, Reeves restated that the government had fixed the foundations of the economy and credited Starmer with their election win one year ago, and told reporters she was "proud of what I've delivered".
Starmer said it was "fantastic" that Reeves was at the event and that he had "every faith in my chancellor", saying she had made important decisions and would be in the job for many years to come.
"We are working in lockstep and we will continue to do so for a very long time," he said.
"That is a good thing for the government, it is a good thing for the country."
Starmer - who initially had not explicitly backed Reeves when asked about her future during the parliamentary exchange - said he did not realise Reeves had been crying, as Prime Minister's Questions is "pretty wild".
Reeves also played down Starmer's initial reaction, saying: "I think people can see that Keir and me are a team."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
an hour ago
- Perth Now
Cheap eats: 10 places you can eat in Perth for $10 or less
It seems like costs are going up in all aspects of life at the moment, whether it's bills, housing or groceries. So when it's time to treat yourself to a culinary outing and breaking the bank is not an option, you need a guide for where you can get a cheap but tasty feed. There is still plenty of value for money to be found in the Perth metro area and PerthNow has compiled a list to keep your stomachs heavy but your bank accounts full. Here are our top places where you can get a delicious foodie fare for $10 or under. Toasted cheddar cheese sandwich and a coffee - $10 Tucked away in the Perth CBD and as discovered by a British content creator (you can read about it here) is one of the longer lasting CBD hot spots around, Toastface Grillah. Named in homage to American rapper Ghostface Killah of Wu-Tang Clan fame you can get a crunchy on the outside and oh-so-gooey on the inside toasted sandwich with cheddar cheese for $10, plus you get a coffee too. It's a winner! If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Small katsu of teriyaki chicken - $9.50 Another CBD stalwart, Taka Japanese kitchen, offers a small katsu and teriyaki chicken both served with rice for under ten dollars. You can also get a hearty warming miso soup or a couple of skewers for the loose change in your pocket. Popular with regular city-goers who are after a budget-friendly feast, this gem is worth a drop in. Interchanging specials each lunchtime - $10 Offering lunchtime specials of interchanging dishes (sometimes the roast ducks you can see hanging in the window) for $10 available in their Northbridge and East Victoria Park stores. You won't regret it if you end up with the mouth-watering tender duck with perfectly crispy skin as you soak up the kitsch interior and bustling ambience of both restaurants. Vietnamese salad or banh mi - $10 If you haven't made a stop past the Coventry Village food court for some seriously good, seriously fresh food, you've been missing out and need to get there, quickly. High on the list of must-trys in one of Morley's favourite eating destinations is Roll vs Bowl where you can get a bowl of hearty, delicious Vietnamese salad or a banh mi roll for ten dollars and both are seriously good and seriously good value. Most pretzel's on the menu - $7-9 With few items on the menu over ten dollars and most sitting between $7-$9 PerthNow had to include Pretzel in our list. Cheese is a big fixture on the savoury options and you can snag a deliciously topped pretzel with cheese and garlic ($7.5), cheese and pepperoni ($8.5) or cheese and bacon ($9). Lovers of the gooey godsend will be in their element. You can also grab some sweet varieties for under ten dollars too, including one covered in nutella. Yum! If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Banh Mi - $8.50-$9 When Katy Perry was recently in town, her and her staff went crazy for one particular CBD banh mi joint (you can read more about it here) but we think it's not the only must try spot in town. Serving up the fresh and tasty buns for a decent price is Bite My Banh Mi in Morley. The delicious Vietnamese baguettes have a large selection all available for under ten dollars, they also have a nice selection of other offerings including noodle and rice bowls (for a bit more than ten dollars) as well as some Vietnamese sweet drinks. If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Burger and a drink - $5 Five dollars hardly buys you a decent cup of coffee these days but at The Mustang Bar in Northbridge on a Wednesday night, you can get a burger and a drink for just that! It's aimed at the backpacker contingent in the area as well as students but that's not essential to take up the deal and when you purchase one of the burgers you get entry to the pool competition for the night as well as some live music! There are limited spots for the pool competition so get down early if you want to partake. Dumplings - Ten for $10 A fancy cocktail bar in the CBD is not a place you would suspect to find cheap eats, but Goody Two's in Hibernian Place offer $1 dollar dumplings on a Wednesday night. So you get 10 for $10 and with the money saved you can splurge on some sexy sounding cocktails including the 'passenger princess' which features pavlova vodka or the 'red moon' which includes red fruit sherbet. It's got everything a cocktail bar should have, low lighting, delightful drinks and now, cheap eats! If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Bratwurst in a bun - $10.50 For an extra fifty cents we have a bonus cheap eats for you, just over budget at $10.50. Serving up sausages (or more specifically, bratwursts) to hungry visitors at Fremantle Markets since 2004 is the Bratwurst Bar. Slightly over budget at $10.50, they're worth the extra coin as they have no preservatives are low in fat but high in flavour and come in pork, beef and currywurst flavours. The business is run by the incredibly friendly and enthusiastic Tony so head on down to the port city and get a decent feed at a very decent price.
Courier-Mail
4 hours ago
- Courier-Mail
Real reason for car giant's ‘woke' nightmare
Don't miss out on the headlines from On the Road. Followed categories will be added to My News. If you've looked at any Jaguar headlines right now, they would all tell you the same thing: 'Catastrophic sales result following the brand's 'botched', woke' rebrand.' However, these obnoxious headlines overlook a vital aspect of the situation. Jaguar intentionally halted production at the end of 2024, a move that extended into early 2025 in some European regions, as part of a planned transition to become an EV-only brand. Jaguar's bold rebrand. Picture: YouTube/@Jaguar RELATED: Jaguar boss defends rebrand It is true that Jaguar sales in Europe plunged 97.5 per cent according to the latest sales data by the European Automobile Manufacturers' Association. The British luxury carmaker registered just 49 vehicles in Europe in April, compared with 1,961 cars in the same month last year. Sales between January and April plummeted 75.1 per cent, with just 2,665 cars sold across the European continent. May wasn't much better, showing a 93.6 per cent drop. Overall, sales have declined 77.8 per cent year to date compared to 2024. X SUBSCRIBER ONLY These numbers aren't faltering in the slightest, and frankly, Jaguar would likely prefer to be further along in its EV transition process. However, key details surrounding the brand's strategy to move all of its inventory to EVs are the missing puzzle pieces to many of these very misleading stories. The company has delayed the release of its flagship model, a four-door GT. The EV, expected to cost around $US200,000, won't be available until late 2025, according to The New York Post. 2024 Jaguar Type 00 concept. Picture: Supplied And stopping the production of the entire petrol and diesel Jaguar line-up while the company rebranded and developed its future EV flagship was all along the plan. Was it the best plan? Probably not, but at least it's not as if this sales drop occurred while Jaguar continued to produce cars. All of this is simply to say, don't read too much into low sales figures for Jaguar just yet. Currently, the brand's strategy appears to be a deliberate pause for a reset, rather than an indication of failure. MORE: Jaguar GT Concept shocks online Jaguar's new compact E-Pace SUV. Jaguar F-TYPE V6 Convertible. Source: Supplied The real test will come when Jaguar re-enters the market with a higher price point and a fully electric line-up. If it can win buyers over, it could mark a remarkable return for one of the industry's most iconic names. Originally published as Real reason for car giant's 'woke' nightmare
West Australian
6 hours ago
- West Australian
UK in dire straits after finance minister's tears rattle markets
All eyes are now on the U.K.'s ruling Labour Party for any sign of further political fractures that could rattle Britain's economic stability, after the extraordinary sight of the country's finance minister crying in parliament on Wednesday. UK bond yields spiked and the pound sank against the dollar and euro as tears fell down Chancellor Rachel Reeves' face, as an apparently unaware Prime Minister Keir Starmer failed to back her when asked about her position during a heated parliamentary debate. The market moves were abrupt, as traders speculated that Reeves could be about to lose her job or potentially resign, taking her strict 'fiscal rules' on spending and borrowing with her. 'There are a lot of eyes on the UK,' Simon Pittaway, senior economist at the Resolution Foundation, told CNBC as the drama unfolded Wednesday. 'When it comes to the [next] Autumn Budget, whoever the chancellor is, they'll have some really difficult decisions to make. And I think, as far as we're concerned, sticking to the existing fiscal rules is really crucial, that's a move that would signal kind of credibility and confidence to the market' at a time when the country is under heavy scrutiny, he told CNBC's Ritika Gupta. 'Sticking to those fiscal rules, and depending on the government's priorities, some combination of higher taxes and lower spending, out towards the end of the forecast period might be the way forward,' Mr Pittaway said. The government scrambled the calm the situation amid spreading market tumult, with a spokesperson attributing Reeves's distress to a 'personal matter' without commenting further. The prime minister then told the BBC that he and the chancellor were 'in lockstep' and that he fully backed her. The comments seemed to placate markets, with London's FTSE 100 up almost 0.5 per cent on Thursday, with the British pound also higher against the euro and dollar. The yield on the UK's benchmark 10-year bonds, known as gilts, was down 6 basis points. On Thursday, Starmer and Reeves commented further on the drama in parliament with the prime minister telling Sky News that his finance minister had his full support, with the two politicians embracing as they attended a public event on Thursday. 'I have every faith in my chancellor,' Starmer told reporters, adding that 'she has made incredibly important decisions in the last 12 months and we wouldn't be doing what we're doing today without those important decisions,' he told Sky News. The chancellor, meanwhile, refused to give the reason for her upset but said her job was to be present at the weekly Prime Minister's Questions session in parliament, and to support the government. 'I guess the thing that maybe is a bit different between my job and many of your viewers' is that when I'm having a tough day it's on the telly and most people don't have to deal with that.' Reeves has come under sustained pressure since the last Autumn Budget, during which she unveiled a massive boost to public spending that would be largely funded by a big tax hike on British businesses and employers. She also said she would be implementing two fiscal rules to get the UK's debt pile and borrowing under control: firstly, that day-to-day government spending will be funded by tax revenues and not by borrowing, and, secondly, that public debt will fall as a share of economic output by 2029-30. The rules gave Reeves' Treasury little fiscal 'headroom,' however, and the little leeway she did have has been further eroded by the government rowing back welfare spending cuts in recent months. After another government U-turn this week, this time on disability benefits, Reeves must now find savings elsewhere — tricky, when she's just announced a massive public spending plans — break her borrowing rules or go against Labour's campaign pledges and hike taxes on workers later this year. On a wider level, following the latest climbdown on welfare, the Labour Party leadership will now have to wrangle with a rebellious group of backbench lawmakers who will feel emboldened to challenge the government on other potentially controversial reforms and spending cuts. 'The nature of what's happened over the last 48 hours, with the government's welfare bill being torn up, it means that the government's political and economic strategy are in absolute dire straits at the moment,' Max Wilson, director of public affairs at Whitehouse Communications, told CNBC on Thursday. The government finds itself with 'such little wiggle room' because of its previous political decisions and concessions to backbenchers, Wilson said. 'Financially, economically, there's very little that they can do, and Rachel Reeves has such a tough job on her hands now, finding the extra money without resorting to other actions that are going to upset the markets, including borrowing more or tax rises, so, really, I think the government left in an absolute bind here,' he noted.
