Will Rachel Reeves still be Chancellor next Christmas? (Image: Getty)
Rachel Reeves has just spent her first Christmas Day as Chancellor after a turbulent six months piloting the country's economy.
Within days of Labour sweeping to power at the general election in May, Ms Reeves announced she was scrapping winter fuel payments for some 10 million pensioners to plug a disputed ￡22billion "black hole" in Britain's finances.
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The announcement meant pensioners who weren't on Pension Credit or other means-tested benefits would lose the payments, which are worth up to ￡300.
It sparked a furore among some pensioners, opposition MPs and older people's charities, with claims the Chancellor was taking money from some of the poorest people in the country.
In her maiden Budget as Britain's first female chancellor, Ms Reeves went on to unveil a raft of plans which have angered farmers and spooked business.
READ MORE Rachel Reeves set to break another promise after tanking economy with Budget
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Ms Reeves ended inheritance tax exemptions for farms worth more than ￡1million in a move that led to protests from farmers who claim the death tax could force them to sell off land.
The Chancellor's plan to hike National Insurance Contributions sparked criticism from numerous business leaders, who said they might have to raise prices or reduce staffing levels to mitigate higher costs.
And Ms Reeves' decision not to compensate members of the Women Against State Pension Inequality (WASPI) group angered campaigners whom a slew of Labour MPs had supported when the party was in opposition, including the current occupant of No.11.
Ms Reeves has consistently maintained Labour inherited a "huge" economic mess from the last government and has criticised the Conservatives and media for not putting forward alternatives to fixing Britain's economic problems.
On Monday, the Chancellor said the challenge to fix the economy and "properly" fund the public finances "after 15 years of neglect" is "huge". She said the Budget and Government's plans would deliver "sustainable long-term growth" and put more money in people's pockets.
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Do you think Rachel Reeves will still be Keir Starmer's neighbour in Downing Street next Christmas? (Image: Getty)
But since entering Downing Street, the country's problems have continued to mount, despite Labour's pledge to turbo-charge the UK's economic growth. Just this week, the Office for National Statistics published revised figures showing UK Gross Domestic Product (GDP) showed no growth between July and September.
Those figures cover a period before Ms Reeves' Budget on October 30. But the Bank of England this week warned Britain is on the brink of stagnation and slashed its growth forecast for the final three months of this year from 0.3% to zero percent.
One of Britain's biggest business groups also warned this week that the economy is "headed for the worst of all worlds". The Confederation of British Industry's growth indicator survey, based on responses from 899 companies between November 25 and December 12, found expectations for growth are at their weakest since the aftermath of former Prime Minister Liz Truss's tenure in No 10.
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Rachel Reeves savaged over disaster budget as UK growth screeches to a halt
990 Comments
Rachel Reeves faces nightmare as economic growth downgraded and disposable income freezes
825 Comments
Rachel Reeves is dragging the UK back to the 'dark days' of the 1970s
53 Comments
Humiliation for Keir Starmer as UK economy to be 'closer to Guyana than US'
244 Comments
Labour's secret ￡400 holiday tax revealed in fresh blow to British taxpayers
1097 Comments
More taxes on way warns expert after shock UK economy downgrade
64 Comments
POLL: Should Keir Starmer sack Rachel Reeves?
121 Comments
Rachel Reeves set to break another promise after tanking economy with Budget
325 Comments
POLL: Which Labour big name has done the worst job in 2024? Vote here
1 Comments
Boxing Day sales: Can retailers recover from Labour's Budget raid on consumer confidence?
Comments
Rachel Reeves blamed for Boxing Day sales damp squib with shoppers 'reluctant to spend'
82 Comments
Keir Starmer issued recession warning as Labour budget backfires on growth
50 Comments
Rachel Reeves dealt fresh flow as expert warns wage growth will take hit
10 Comments
Theatres face closure as Rachel Reeves' Budget blamed for 'additional challenges'
19 Comments
Lucy Powell admits there will be 'consequences' in dire economic warning
66 Comments
Labour accused of plunging UK into recession as business bosses tear into Rachel Reeves
443 Comments
Rachel Reeves's bombshell Budget has stifled economic growth: report
717 Comments
Rachel Reeves' Budget slammed again amid gloomy economic outlook
14 Comments
'There is no growth!' Nick Ferrari skewers Labour minister in furious LBC clash
836 Comments
Rachel Reeves sparks ‘hiring recession' as businesses panic after Budget
87 Comments
Rachel Reeves savaged over disaster budget as UK growth screeches to a halt
990 Comments
Rachel Reeves faces nightmare as economic growth downgraded and disposable income freezes
825 Comments
Rachel Reeves is dragging the UK back to the 'dark days' of the 1970s
53 Comments
Humiliation for Keir Starmer as UK economy to be 'closer to Guyana than US'
244 Comments
Labour's secret ￡400 holiday tax revealed in fresh blow to British taxpayers
1097 Comments
More taxes on way warns expert after shock UK economy downgrade
64 Comments
POLL: Should Keir Starmer sack Rachel Reeves?
121 Comments
Rachel Reeves set to break another promise after tanking economy with Budget
325 Comments
POLL: Which Labour big name has done the worst job in 2024? Vote here
1 Comments
Boxing Day sales: Can retailers recover from Labour's Budget raid on consumer confidence?
Comments
Rachel Reeves blamed for Boxing Day sales damp squib with shoppers 'reluctant to spend'
82 Comments
Keir Starmer issued recession warning as Labour budget backfires on growth
50 Comments
Rachel Reeves dealt fresh flow as expert warns wage growth will take hit
10 Comments
Theatres face closure as Rachel Reeves' Budget blamed for 'additional challenges'
19 Comments
Lucy Powell admits there will be 'consequences' in dire economic warning
66 Comments
Labour accused of plunging UK into recession as business bosses tear into Rachel Reeves
443 Comments
Rachel Reeves's bombshell Budget has stifled economic growth: report
717 Comments
Rachel Reeves' Budget slammed again amid gloomy economic outlook
14 Comments
'There is no growth!' Nick Ferrari skewers Labour minister in furious LBC clash
836 Comments
Rachel Reeves sparks ‘hiring recession' as businesses panic after Budget
87 Comments
Rachel Reeves savaged over disaster budget as UK growth screeches to a halt
990 Comments
Rachel Reeves faces nightmare as economic growth downgraded and disposable income freezes
825 Comments
Rachel Reeves is dragging the UK back to the 'dark days' of the 1970s
53 Comments
Humiliation for Keir Starmer as UK economy to be 'closer to Guyana than US'
244 Comments
Labour's secret ￡400 holiday tax revealed in fresh blow to British taxpayers
1097 Comments
More taxes on way warns expert after shock UK economy downgrade
64 Comments
POLL: Should Keir Starmer sack Rachel Reeves?
121 Comments
Prime Minister Sir Keir Starmer has to date defended the Chancellor and stood by her decisions. But some Labour MPs have broken ranks and publicly criticised Ms Reeves' axing of the winter fuel payment and refusal to compensate the WASPI women.
With some Labour MPs questioning Ms Reeves' judgement, it may be just a matter of time before Sir Keir decides to sack her in a bid to rescue his faltering premiership.
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