No 10 defends chancellor after day of bitter recriminations over welfare bill fiasco

<p>PM says Rachel Reeves will be chancellor ‘for very long time to come’ amid speculation about her job in wake of tearful Commons appearance </p><p>Keir Starmer has been forced to defend his chancellor after a day in which the bitter recriminations over Labour’s welfare bill fiasco appeared to leave Rachel Reeves in tears and the markets in turmoil.</p><p>Ministers said there would be long-lasting implications for the government’s spending priorities after it was forced to abandon the central plank of its welfare changes to prevent a damaging defeat by rebel MPs.</p> <a href="https://www.theguardian.com/society/2025/jul/02/reeves-in-tears-as-starmer-declines-to-confirm-she-will-remain-chancellor">Continue reading...</a>