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LONDON DAILY ARCHIVE

Rachel Reeves Retains Starmer’s Support Amid Fiscal U-Turns

Finance chief faces scrutiny over policy reversals but holds post

03 July 2025 · 23:36 UTC

Prime Minister Keir Starmer has offered full backing to Chancellor Rachel Reeves despite a series of damaging policy U-turns that have rattled markets and sparked political controversy.

Starmer praised Reeves’s commitment to economic stability, insisting she will remain in her role to deliver Labour’s fiscal vision and guide Britain through a period of economic uncertainty.