Rachel Reeves has compared herself to Margret Thatcher. (Image: Getty)
Rachel Reeves has hit out at critics who "don't want to see her succeed" amid soaring UK borrowing costs and slumped growth.
The Chancellor said she wouldn't let criticism over her decision to travel to China last week get her down, despite a surge in borrowing and a drop in the value of the pound fuelling arguments that she should focus on tackling problems on home soil before chasing foreign investment.
by Taboola by Taboola
Sponsored Link Sponsored Link
Promoted Links Promoted Links
Face full of spots... Used Gel from Watsons, Vanished.Beauty Institute Learn More
Undo
DON'T MISS
Powered by
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
Rachel Reeves announces urgent trade talks with Trump with desperate plea
337 Comments
Rachel Reeves told to 'pause' farm tax as supermarkets warn 'security at stake'
40 Comments
Rachel Reeves humiliated as she heads to Davos despite being snubbed for crucial speech
96 Comments
Brewdog boss warns 'recession is coming' and Rachel Reeves is to blame
666 Comments
Rachel Reeves' true cost to UK economy laid bare in brutal new stats
326 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
10 Comments
Rachel Reeves farmers tax raid suffers huge blow as she's slammed by Tesco and Lidl
19 Comments
Deluded Rachel Reeves refuses to resign as she issues five-word response on exit
1184 Comments
Rachel Reeves must convince investors she won't wreck UK
116 Comments
Rachel Reeves leading economy to 'doomed loop' as borrowing soars in fresh blow
45 Comments
Rachel Reeves has 'made one huge mistake' - and 'now we have the proof'
177 Comments
Labour civil war erupts over Rachel Reeves' Heathrow expansion - ‘it's a trap!'
391 Comments
Rachel Reeves warned of farmer suicide risk as 'human cost' of tax raid
39 Comments
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
Rachel Reeves announces urgent trade talks with Trump with desperate plea
337 Comments
Rachel Reeves told to 'pause' farm tax as supermarkets warn 'security at stake'
40 Comments
Rachel Reeves humiliated as she heads to Davos despite being snubbed for crucial speech
96 Comments
Brewdog boss warns 'recession is coming' and Rachel Reeves is to blame
666 Comments
Rachel Reeves' true cost to UK economy laid bare in brutal new stats
326 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
10 Comments
Rachel Reeves farmers tax raid suffers huge blow as she's slammed by Tesco and Lidl
19 Comments
Deluded Rachel Reeves refuses to resign as she issues five-word response on exit
1184 Comments
Rachel Reeves must convince investors she won't wreck UK
116 Comments
Rachel Reeves leading economy to 'doomed loop' as borrowing soars in fresh blow
45 Comments
Rachel Reeves has 'made one huge mistake' - and 'now we have the proof'
177 Comments
Labour civil war erupts over Rachel Reeves' Heathrow expansion - ‘it's a trap!'
391 Comments
Rachel Reeves warned of farmer suicide risk as 'human cost' of tax raid
39 Comments
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
Her willingness to pursue unpopular policies has seen Ms Reeves lean into comparisons with Tory heavyweight Margaret Thatcher, and the MP has now said she is "happy" to accept the title of "Iron Chancellor" in a nod to her commitment to axing winter fuel payments and increasing National Insurance tax.
The Chancellor praised "Iron Lady" Thatcher for her ability to "take what she thought were the right decisions" and not bowing to her critics. She added: "I will make the right decisions. I'm happy to be the Iron Chancellor if that's what you want to call me."
“Margaret Thatcher is one of the reasons why I joined the Labour Party, because I did disagree very strongly with the direction she took our country in," she told the BBC's Political Thinking podcast. "I don’t agree with the decisions that she made, and not everyone is going to agree with the decisions that I make.”
Sponsored
News Portal Learn More
Invest Smart: Transform $200 Into Earnings with AI Signal Trading!
Undo
by Taboola by Taboola
READ MORE: Kemi Badenoch blasts Keir Starmer in major speech
Keir Starmer insists Rachel Reeves will stay in her role "for many years to come" (Image: Getty)
Rejecting speculation that Keir Starmer was considering replacing her in the cabinet, Ms Reeves also confirmed that she was "here for the long haul", batting away comparisons to Liz Truss after a period of economic turmoil comparable to the aftermath of Truss' disastrous 2022 budget.
"Every decision I make has consequences, but so does the counterfactual," she said. "If I had made the decision not to address those very real pressures, then this is the consequence: borrowing costs would have gone through the roof. Borrowing costs not just for government but for families and businesses, as it did when Liz Truss was Prime Minister.”
Since unveiling a raft of tax hikes in her October budget, in a bid to tackle the "￡22 billion blackhole" left by the Tory government, Ms Reeves has been blamed for a significant dip in business and buyer confidence.
Don't miss...
Deluded Rachel Reeves refuses to resign as she issues five-word response on exit [REPORT]
'Keir Starmer, we all saw economic ruin coming — even if you didn't' [COMMENT]
Rachel Reeves creates 'perfect storm' for six million unpaid carers across UK [INSIGHT]
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
While inflation unexpectedly fell to 0.1% this week, indicating a weak return to growth, the Office for National Statistics also revealed that December saw supermarket food sales fall by 1.9% to their lowest level in over a decade.
Although there doesn't seem to be any respite in sight for the embattled politician, she won't go down without a fight.
DON'T MISS
Powered by
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
Rachel Reeves announces urgent trade talks with Trump with desperate plea
337 Comments
Rachel Reeves told to 'pause' farm tax as supermarkets warn 'security at stake'
40 Comments
Rachel Reeves humiliated as she heads to Davos despite being snubbed for crucial speech
96 Comments
Brewdog boss warns 'recession is coming' and Rachel Reeves is to blame
666 Comments
Rachel Reeves' true cost to UK economy laid bare in brutal new stats
326 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
10 Comments
Rachel Reeves farmers tax raid suffers huge blow as she's slammed by Tesco and Lidl
19 Comments
Deluded Rachel Reeves refuses to resign as she issues five-word response on exit
1184 Comments
Rachel Reeves must convince investors she won't wreck UK
116 Comments
Rachel Reeves leading economy to 'doomed loop' as borrowing soars in fresh blow
45 Comments
Rachel Reeves has 'made one huge mistake' - and 'now we have the proof'
177 Comments
Labour civil war erupts over Rachel Reeves' Heathrow expansion - ‘it's a trap!'
391 Comments
Rachel Reeves warned of farmer suicide risk as 'human cost' of tax raid
39 Comments
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
Rachel Reeves announces urgent trade talks with Trump with desperate plea
337 Comments
Rachel Reeves told to 'pause' farm tax as supermarkets warn 'security at stake'
40 Comments
Rachel Reeves humiliated as she heads to Davos despite being snubbed for crucial speech
96 Comments
Brewdog boss warns 'recession is coming' and Rachel Reeves is to blame
666 Comments
Rachel Reeves' true cost to UK economy laid bare in brutal new stats
326 Comments
Rachel Reeves ‘derails' economy with ‘toxic cocktail' of tax rises and spending hikes
10 Comments
Rachel Reeves farmers tax raid suffers huge blow as she's slammed by Tesco and Lidl
19 Comments
Deluded Rachel Reeves refuses to resign as she issues five-word response on exit
1184 Comments
Rachel Reeves must convince investors she won't wreck UK
116 Comments
Rachel Reeves leading economy to 'doomed loop' as borrowing soars in fresh blow
45 Comments
Rachel Reeves has 'made one huge mistake' - and 'now we have the proof'
177 Comments
Labour civil war erupts over Rachel Reeves' Heathrow expansion - ‘it's a trap!'
391 Comments
Rachel Reeves warned of farmer suicide risk as 'human cost' of tax raid
39 Comments
Liz Truss says Keir Starmer is refusing grooming inquiry as his role will come under fire
307 Comments
Rachel Reeves blasted as Labour plots U-turn with yet more economic chaos
126 Comments
Mel Stride: Labour can be ousted after just one term despite 'wide' majority
463 Comments
Rachel Reeves mocked as the 'Peking Duck' as economic turmoil grows
354 Comments
Things can only get worse! Is Rachel Reeves about to ditch Labour key manifesto promises?
775 Comments
Farmers warn Starmer 'tractors coming to Westminster' on day of inheritance tax debate
3 Comments
Rachel Reeves inflames Labour rifts over airport expansion plans
23 Comments
“Some people don’t want me to succeed. Some people don’t want this Government to succeed,” she said. “That’s fair enough. That’s the prerogative, but I’m not going to let them get me down.
“I’m not going to let them stop me from doing what this Government has got a mandate to do, and that is to grow the economy, to make working people better off.”