Rachel Reeves has expressed frustration with those who 'mansplain' how to be chancellor, as she prepares to deliver her budget next week. In an interview with The Times, the UK's first female chancellor spoke about the pressure of her role and the constant political attacks she faces.
Reeves said she is motivated to prove her decisions right to the 'boys who now write newspaper columns' or refer to her as 'Rachel from accounts'. She acknowledged having a target on her back, describing the media scrutiny as exhausting, but vowed not to let it undermine her confidence.
The chancellor remained tight-lipped on budget details, which are expected to include at least £20bn in tax rises through measures such as lower income tax thresholds, a gambling levy, higher property taxes, and changes to pensions relief. Reeves emphasised the importance of taking people along and explaining policies repeatedly.
Reeves acknowledged the unpopularity of the government and its leadership, noting that she is unsure what the popular path is. She defended the need for difficult decisions, rejecting calls for tax cuts without specifying spending reductions, and warning against muddling through.
In a separate incident reported by the Financial Times, Reeves told a business leader to 'talk to me with respect – I'm the chancellor of the exchequer' after a robust challenge over North Sea drilling taxes. Alongside tax rises, the budget is expected to address the cost of living, including an extension of the freeze on NHS prescription charges at £9.90 for another year.
