Rachel Reeves faces political uncertainty despite progress on UK economic rebalancing
By
Heather Stewart
Master baker tier. Every paragraph earns its place on the tray.
Summary
Rachel Reeves, the UK Chancellor, delivered an upbeat speech about boosting jobs and growth along the "OxCam corridor," but faces political uncertainty with a potential byelection loss to Andy Burnham that could cost her the job. Despite policy U-turns that may define her tenure, she has made sure-footed advances on devolved spending to help kickstart economic growth, quietly rebalancing the UK economy even as her popularity wanes.
Key quotes
· 2 pulledIf we get this right, working together, this corridor will not just compete globally, it will lead globally. We can do that together!
She was warmly received; but few in the room can have been unaware that the chancellor may be out of the job in a few weeks' time
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