Rachel Reeves’ Position as Chancellor Is Safe, UK Cabinet Minister Says
- Cabinet Office Minister Pat McFadden comments on Reeves
- Reeves under pressure over market turmoil in UK assets
Rachel Reeves visited China at the weekend, meeting with Vice Premier He Lifeng in a bid to to strengthen economic ties.
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Rachel Reeves is safe in her position as Chancellor of the Exchequer, one of the most senior members of Prime Minister Keir Starmer’s cabinet said, after the market turmoil that hit UK assets in recent days raised questions about the future of Britain’s finance minister.
“Rachel Reeves is the chancellor for a good reason, because she’s the right person to do the job,” Cabinet Office Minister Pat McFadden, a key ally of the prime minister, told Times Radio on Monday. When asked if he thinks she’ll survive until the fall, he said: “Yes, I do.”