Loyalty Test Awaits UK’s Labour in Crucial Week for Chancellor

March 24, 2025, 12:01 AM UTC

Rachel Reeves faces a battle this week to avoid dissent from within her own party as Britain’s Chancellor of the Exchequer prepares to announce billions of pounds in spending cuts.

The cabinet of senior ministers is due to meet on Tuesday ahead of Reeves’ crucial speech the following day, in which she is expected to reveal her efforts to repair the government’s financial position by limiting welfare payments and squeezing departmental budgets.

More than half of the cabinet urged Reeves to reconsider the scale of her plans, Bloomberg reported earlier this month, raising the prospect of further resignations after Anneliese ...



Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.