7 resultsfor “Ed Miliband chancellor concerns”
Ed Miliband as chancellor if he makes it to No 10. But Reeves’ allies are warning that the energy secretary would not be trusted by the bond markets, which set the government’s borrowing costs
concern at various points to allies about the influence that Mandelson seemed to be wielding in the background. “She knew he was after a job,” one former staffer said. “She took him off the shortlist
chancellor, Rachel Reeves, out on a run with her Spanish counterpart, Carlos Cuerpo, and the MPs Jim Chalmers and Nicola Willis](https://i.guim.co.uk/img/media/9a1035f8a2ff4567a72a94d4532a60e14d091e41/0_181_1375_899/master/1375.jpg?width=445&dpr=1&s=none&crop=none) Friends that run together - work together 🇬🇧 🇦🇺 🇪🇸 🇳🇿Great to join @jim\_chalmers
Miliband or a byelection for Ed Balls? I don’t think the Labour party’s rules and procedures are there to be tweaked, to suit one particular person.” The NEC [blocked Burnham’s return
chancellor, Rachel Reeves, announced a deeply unpopular [cut to winter fuel subsidies](https://www.theguardian.com/politics/article/2024/jul/29/hospital-and-road-projects-face-cuts-to-plug-22bn-fiscal-hole-reeves-says) for pensioners soon after taking office. Then she unveiled a budget [that raised taxes](https://www.theguardian.com/uk-news/2025/nov/26/rachel-reeves-targets-uks-wealthiest-in-26bn-tax-raising-budget) to levels
Ed Miliband said the party "looked over the precipice"](https://www.bbc.co.uk/news/articles/c89kwj8kjy9o) - the appetite to take another peek over the edge had gone, at least for now. Labour MPs were still looking towards the elections
Chancellor Rachel Reeves rebranded the previous government's National Infrastructure Bank as the National Wealth Fund, with the aim of stimulating private sector investment in infrastructure projects. The government will now seek to legally establish