Politics LIVE: Rachel Reeves opens up on tearful PMQs after sparking market meltdown

Rachel Reeves addresses her appearance at PMQs
GB NEWS
George Bunn

By George Bunn


Published: 03/07/2025

- 07:19

Updated: 03/07/2025

- 14:17

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Rachel Reeves has addressed her tearful appearance at PMQs yesterday saying that she showed support for her party.

Reeves said "clearly I was upset" in the Commons but it was her job to be at Prime Minister’s Questions "supporting the Government and that’s what I tried to do."


She said: "My job as Chancellor at 12 o’clock on a Wednesday is to be at PMQs next to the Prime Minister, supporting the Government and that’s what I tried to do.

"I guess the thing that maybe is a bit different between my job and many of your viewers’ is that when I’m having a tough day it’s on the telly and most people don’t have to deal with that."

It comes after the Chancellor made a surprise appearance alongside Sir Keir Starmer as Labour sets out its plan to rebuild the NHS over the next decade.

The Chancellor, who was tearful at Prime Minister’s Questions over “personal” matters, joined the Prime Minister and Health Secretary Wes Streeting in East London.

Speaking ahead of Reeves and Starmer, Streeting said there are "moments in our national story when our choices define who we are".

Hailing Clement Attlee’s Government, the Health Secretary added that the decision to create the NHS was founded on fairness - that everyone in our country deserves to receive the care you need, not just the care you can afford".

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Building Society issues urgent warning as Labour's cuts to cash ISA allowance could push up mortgage rates

\u200bChancellor of the Exchequer Rachel Reeves listens to Prime Minister Sir Keir Starmer speaking

Chancellor of the Exchequer Rachel Reeves listens to Prime Minister Sir Keir Starmer speaking

PA

Britain's largest building societies have issued stark warnings that Chancellor Rachel Reeves's anticipated cuts to cash ISA allowances could drive up mortgage rates and jeopardise the Government's ambitious housing targets.

The Chancellor is reportedly considering slashing the tax-free cash ISA allowance from £20,000 to as low as £4,000, according to growing speculation ahead of her Mansion House speech on July 15.

Yorkshire, Coventry and Skipton building societies have cautioned that such dramatic reductions would severely impact their ability to fund mortgages, as they rely heavily on cash ISA deposits from savers.

READ THE FULL STORY HERE

Wes Streeting says there is 'no doubt' Rachel Reeves will be staying on as Chancellor

Health Secretary Wes Streeting said there was "no doubt" whatsoever about Rachel Reeves and her position as Chancellor.

He told the BBC: "There is no doubt about that in the Government.

"We are absolutely clear and unequivocal, from the Prime Minister right across the Cabinet, throughout the party, Rachel Reeves is here to stay as Chancellor and thank goodness that she is."

Rachel Reeves said there 'will be a cost' for benefits changes

Wes Streeting, Rachel Reeves and Keir Starmer at the hospital in Stratford

Wes Streeting, Rachel Reeves and Keir Starmer at the hospital in Stratford

PA

Rachel Reeves said "of course there is a cost" to the benefits changes voted for in Parliament when asked if there would be tax rises in the budget.

Asked whether taxes would be hiked, the Chancellor said: "I’m not going to speculate because the budget will be in the autumn...we’ll get a new forecast and we’ll do the budget later this year.

"But of course there is a cost to the welfare changes that Parliament voted through this week and that will be reflected in the budget.

"But I’m also very, very clear that that stability that we’ve been able to return to the economy which has enabled the Bank of England to cut interests rates four times is only possible because of the fiscal discipline which is underpinned by the fiscal rules.

"And we’ll be sticking to those because they’re absolutely vital for the living standards of working people and also the costs that businesses face."

Sir Ed Davey says 10 year plan for NHS is a 'castle built on sand'

Sir Ed Davey has said the 10 year plans for the NHS is a "castle built on sand."

The Liberal Democrat leader said: "This plan will be a castle built on sand until ministers finally tackle the crisis in social care.

"Years of Conservative neglect pushed the NHS to breaking point, with overcrowded A&Es, people waiting weeks to see a GP and parents unable to find a dentist for their children.

"But the current Government's failure to fix social care is leading to more of the same, as vulnerable people are stuck in hospital beds while their families are left in anguish.

"This is not the change the country is crying out for. The Government needs to stop being scared of its own shadow and rise to this challenge.

"Without bold action to fix the social care crisis, our NHS will remain overwhelmed and patients will continue to suffer."

WATCH: GB News grills Sir Keir Starmer over benefits reform u-turn

Sir Keir Starmer pays tribute to Liverpool forward Diogo Jota

Sir Keir Starmer said the death of Liverpool forward Diogo Jota was "devastating news".

Asked about Jota’s death while speaking in Stratford, the Prime Minister told reporters: "Let me start with Jota, because this is devastating news.

"I’m sure I speak for everyone in saying our first thoughts are going to be with his family and his friends in particular.

"But there are millions of Liverpool fans, but also football fans, and non-fans, who will also be shocked by this.

"I think Liverpool Football Club have just put a statement out as I understand it, but it is devastating, and it is really important we bear in mind just how difficult a period this will be for his friends and for his family."

Sir Keir Starmer tells Chris Hope welfare 'isn't working'

The Prime Minister has told GB News Political Editor Christopher Hope that welfare "isn't working".

When asked if benefits reform was "off the table", Sir Keir Starmer said: "We are pressing on with reforms, as we know welfare isn't working.

"I know from having seen how hard it is for some people to get back into work."

Sir Keir Starmer issues defence of Rachel Reeves over Commons appearance 

\u200bSir Kier Starmer speaking

Sir Keir Starmer speaking at the event in Stratford

GB NEWS

The Prime Minister has defended Chancellor Rachel Reeves saying she will be making decisions "for many years to come."

Starmer said: "I'm not going to stand here and speak for the Chancellor. But as she's made clear on a number of occasions, yesterday was a person issue, and I'm certainly not going to say anything more about that.

"I think it's just fantastic that she's here, and as I say, none of the [NHS reform] would be happening if she hadn't taken the decisions that she's taken."

Starmer reiterated that Reeves will continue making such decisions "for many years to come".

Sir Keir Starmer says reforms for NHS are 'about fairness'

Sir Keir Starmer said reforming the NHS is "about fairness" for everyone, as he spoke at the launch of the NHS 10-year plan.

The Prime Minister said: "Millions of people across Britain no longer feel that they get a fair deal, and it’s starting to affect the pride, the hope, the optimism that they have in this great country, and our job is to change that."

He continued: "For 77 years this weekend, the NHS has been the embodiment, if you like, of British pride, of hope, that basic sense of fairness and decency.

"[That's] 77 years of everyone paying in, working hard, doing the right thing, secure in the knowledge that if they or their family needs it, the NHS will be there for them.

"In 10 years’ time, when this plan has run its course, I want people to say that this was the moment, this was the Government, that secured those values for the future."

Sir Keir Starmer says there is a 'lot more work to be done' over NHS future

\u200bSir Keir Starmer speaking in East London

Sir Keir Starmer speaking in East London

GB NEWS

Sir Keir Starmer acknowledged improvements were needed in the NHS but said the situation was better than when Labour first took over from the Conservatives a year ago.

The Prime Minister said: "I’m not going to stand here and say everything is perfect now, we have a lot more work to do and we will do it.

"But let’s be under no illusions: because of the fair choices we made, the tough Labour decisions we made, the future already looks better for our NHS.

"And that is the story of this Government in a nutshell."

Wes Streeting says Labour 'rejects pessimism' over NHS future

Wes Streeting has said Labour rejects the "pessimism" from opposition parties over the affordability of universal healthcare.

The Health Secretary said: "I’m sometimes told that NHS staff are resistant to change. On the contrary, they are crying out for it,.

"Now we know there are those on the right who are willing us to fail.

"There have always been those who whispered that the NHS is a burden, too expensive, inferior to the market, and today, those voices grow louder, exploiting the crisis in our NHS in order to dismantle it.

"They say that universal healthcare could be afforded in the 20th century, but not in the 21st. This Labour Government rejects their pessimism."

Rachel Reeves makes surprise appearance at NHS reform event

\u200bRachel Reeves made a surprise appearance

Rachel Reeves made a surprise appearance

GBNEWS

Chancellor Rachel Reeves told a crowd of NHS staff it was “great to be here today”.

She said: "We will now be the Government that saved the health service. We are spending money on taxpayers’ priorities."

Reeves said the NHS will "always be there for those who need it for the next 77 years and many more beyond that too" as she welcomed Sir Keir Starmer to the lectern.

Lisa Nandy pays tribute to Liverpool forward Diogo Jota in Commons

Lisa Nandy has paid tribute to Liverpool forward Diogo Jota, who has died in a car crash in Spain aged 28.

The Culture Secretary told the Commons the whole House "is heartbroken by this news."

The MP for Wigan added: "I wanted to send our sympathies to his family on behalf of the whole House."

Why did the Chancellor really cry at PMQs? GB News blows the lid on an extraordinary moment in British politics

Witnesses have told GB News about what happened in Westminster after Chancellor Rachel Reeves was spotted crying in the Commons.

Political editor Christopher Hope has revealed what he heard from inside the Commons after Prime Minister's Questions yesterday.

GB NEWS MEMBERS CAN READ CHOPPER'S EXCLUSIVE ANALYSIS HERE.

Sir Keir Starmer reiterates Rachel Reeves was crying due to 'purely personal' issues

The Prime Minister said he did not fully appreciate how upset Rachel Reeves was in the Commons because he was focused on responding to Prime Minister’s Questions.

He told Virgin Radio: "I actually personally didn’t appreciate what was happening in the Chamber because I came in, I’ve got questions being fired at me in PMQs so I’m constantly up at the despatch box and down.

"I think we just need to be clear, it’s a personal matter, and I’m not going to breach Rachel’s privacy by going into what’s a personal matter for her.

"[Her tears were] nothing to do with politics, nothing to do with the ups and downs of this week, or her relationship with anybody in the Labour Party, it’s purely personal... What I would say is, and you’ll understand this, in politics, you’re on show the whole time, there’s no hiding place.

"But we are humans in the end and sometimes personal things are obviously on our minds and, in this case, that was the situation."

Mel Stride says he rang Rachel Reeves after PMQs to offer support

\u200bMel Stride appeared on GB News this morning

Mel Stride appeared on GB News this morning

GB NEWS

Shadow Chancellor Mel Stride said he called Rachel Reeves to offer support after she was seen crying in the Commons yesterday.

He told GB News this morning: "What we saw yesterday was quite upsetting to witness.

"I messaged her afterwards to say I hoped she was alright and I felt for her in that particular moment in time."

Reform UK take first seat in council by-election in blow to Labour

Reform UK has achieved its first electoral victory in North Tyneside in a blow to Labour in the north East.

Brian Smith beat Labour's Lucy Jane Dixon in the Killingworth by-election with a majority of 132 votes.

Councillor Smith said: "As a very famous man once said, 'this is not the end, this is not the beginning of the end'. This is the beginning for Reform in North Tyneside."

WATCH: Wes Streeting addresses Rachel Reeves crying in the Commons yesterday

Sir Keir Starmer says NHS must 'reform or die'

The Prime Minister has said the NHS must "reform or die" as he prepares to announce a new 10-year-plan for the service.

Sir Keir Starmer is expected to say: "Our 10-year health plan will fundamentally rewire and future-proof our NHS so that it puts care on people’s doorsteps, harnesses game-changing tech and prevents illness in the first place."

Health Secretary Wes Streeting said the plan would deliver "one of the most fundamental changes in the way we receive our healthcare in history."

REVEALED: The nine Labour MPs who voted AGAINST proscribing Palestine Action

- Diane Abbott - Ex-Shadow Home Secretary

- Tahir Ali - Birmingham Hall Green & Moseley MP

- Richard Burgon - Former Shadow Justice Secretary

- Ian Byrne - Liverpool West Derby MP

- Imran Hussain - Bradford East MP

- Kim Johnson - Liverpool Riverside MP

- Clive Lewis - Ex-Shadow Defence Secretary

- Grahame Morris - Easington MP

- Nadia Whittome - Nottingham East MP

Reform UK unveils ex-Ukip leader as new recruit

Reform UK has unveiled a former Ukip leader as its newest recruit.

Just hours after ex-Tory MP Anne Marie-Morris joined Reform UK, Paul Nuttall was confirmed as deputy chairman.

A source at Reform told The Telegraph that the role would not be "front-facing", and that he would be doing "purely internal stuff".

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