The usual image of rigor and hardness of the British Minister of Economy, Rachel Reeves, has demagged on Wednesday. The cameras have caught their computed face, and their tears, sitting behind the prime minister. Keir Starmer answered the questions of the leader of the conservative opposition, Kemi Badenoch, during the weekly parliamentary control session to the Executive. Hours before, Downing Street had been forced to completely reduce its law of cuts to the aid to the disabled, and generate to Starmer a political crisis of unpredictable consequences.
The public debt bonds of the United Kingdom government and the sterling pound have begun to fall hard this Wednesday due to doubts about the continuity in their position of Reeves. The 10 -year bond performance has risen 0.18%, to 4.64%. A higher performance, lower bonus value. The decrease has been very close to that suffered the debt La Libra has fallen 1.1% against the dollar and 0.8% against the euro.
The reverse of the government in its cutting plan leads many analysts to the conclusion that the Starmer government will be forced to raise more taxes to adjust public accounts, against the electoral promise not to touch the taxes on income or on companies.
“[La ministra de Economía] Today presents a miserable appearance. Labor deputies already openly proclaim that it is finished. The reality is that it has become a human shield of the prime minister. Last January, Starmer said that Reeves would continue until the end of the legislature, really? ”
The response of the prime minister, full of hardness against the opposition, avoided, however, to answer the direct question regarding the immediate political future of its head of Economics. “How horrible, that is unable to ensure whether or not to continue in office,” Badenoch was given before a cornered Labor Government.
The truth is that among the Labor ranks there is an increasingly disguised clamor against Reeves. They accuse her of having launched a budgetary rigor that reminds many years of austerity after the financial crisis of 2008. Cutting aid to minors of vulnerable families, suppression of universal subsidies to pensioners to deal with gas and electricity bills. And now a law that hardens the conditions to receive disability aids, with the aim of curbing the accelerated increase of people who have abandoned the labor market after the pandemic.
Many Labor deputies understand that British welfare status needs a serious reform, but they reject the most vulnerable to pay the price.
Downing Street has had to react quickly to the increasingly consolidated idea that Reeves has the days counted. “The minister has the absolute support of the Prime Minister, as he has already said on other occasions. Both are focused on helping the working class. Thanks to the minister we have recovered economic stability, interest rates have dropped and wages grow,” said a Starmer spokesman, who has denied that Reeves would have presented Starmer to his resignation.
The same spokesman has attributed the tears of the minister to a personal matter that has not wanted to reveal.
The Labor Party lacks encouragement to celebrate its first year in power, which will be next Friday. A minister of economy in tears, an internal rebellion at the last minute in a humiliating way and surveys that place left behind the populist right of Nigel Farage advise that any euphoria message is avoided.
