{"id":452109,"date":"2026-03-01T14:38:10","date_gmt":"2026-03-01T14:38:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/452109\/"},"modified":"2026-03-01T14:38:10","modified_gmt":"2026-03-01T14:38:10","slug":"labour-mps-are-hopping-mad-going-to-tear-rachel-reeves-apart-personal-finance-finance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/452109\/","title":{"rendered":"Labour MPs are hopping mad &#8211; going to tear Rachel Reeves apart | Personal Finance | Finance"},"content":{"rendered":"<p class=\"withoutCaption\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/Labour-MPs-Reeves-2-6773111.jpg\" class=\"zoomEnabled\" data-img=\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/23\/1200x712\/secondary\/Labour-MPs-Reeves-2-6773111.jpg?r=1772368613687\" alt=\"Labour-MPs-Reeves-2\" title=\"Labour-MPs-Reeves-2\" width=\"590\" height=\"350\" fetchpriority=\"high\"\/><\/p>\n<p>Rachel Reeves has been keeping a low profile \u2013 that won&#8217;t wash anymore (Image: Getty)<\/p>\n<p>Labour held the Gorton and Denton seat for more than a century. Not anymore. <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/2176276\/keir-starmer-doomed-youll-miss-him-hell-zack-polanski-number-ten\" rel=\"nofollow noopener\" target=\"_blank\">Jack Polanski&#8217;s cynical and sectarian Green Party<\/a> swept them into third place in last week&#8217;s controversial by-election and Labour MPs are in meltdown. They can see the same thing happening in their own constituencies, come the next election. Even Starmer may struggle to keep his seat.<\/p>\n<p>Only one person can save them. That person is <a href=\"https:\/\/www.express.co.uk\/latest\/rachel-reeves\" data-link-tracking=\"InArticle|AutoLink\" rel=\"nofollow noopener\" target=\"_blank\">Rachel Reeves<\/a>. Don\u2019t laugh. She\u2019s a key reason why Labour is in this black pit of despair. But she&#8217;s also the only one with the spade to dig them out of it. Which only goes to show how bad things have got.<\/p>\n<p>Everyone\u2019s miserable and angry, and our flatlining economy is a big reason. People feel skint and fear for their livelihoods. The Greens may be on a different planet, but winning candidate Hannah Spencer struck a chord when she said \u201cworking hard used to get you something&#8221;. It doesn&#8217;t seem to do that anymore.<\/p>\n<p>It\u2019s Reeves\u2019 job to fix that. So far, she\u2019s failed horribly. Next week she&#8217;s back on the frontline and she can\u2019t afford to fail again.<\/p>\n<p> Read more: <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/2176276\/keir-starmer-doomed-youll-miss-him-hell-zack-polanski-number-ten\" rel=\"nofollow noopener\" target=\"_blank\"> &#8216;Keir Starmer is doomed &#8211; you\u2019ll miss him when Zack Polanski is in No 10&#8217; <\/a><\/p>\n<p> Read more: <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/2175721\/ed-miliband-opens-his-mouth-full-fat-nonsense-huge-whopper\" rel=\"nofollow noopener\" target=\"_blank\"> &#8216;Ed Miliband opens mouth and full fat nonsense comes out &#8211; told a huge whopper&#8217; <\/a><\/p>\n<p>The UK economy was showing the green shoots of recovery when Reeves marched into No 11 and ripped them up. In the last three months of 2025, our GDP grew just 0.1%.<\/p>\n<p>Unemployment is rising, youngsters can&#8217;t find jobs, welfare claims are rocketing, <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/news\/uk\/2176518\/rachel-reeves-leonardo-contract\" rel=\"nofollow noopener\" target=\"_blank\">companies are collapsing<\/a>, entrepreneurs fleeing and the tax take is at an all-time high. The unreformed public sector gobbles up all the extra spending, and demands more.<\/p>\n<p>The rest of the cabinet isn\u2019t helping. Ed Miliband\u2019s net zero levies <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/2175721\/ed-miliband-opens-his-mouth-full-fat-nonsense-huge-whopper\" rel=\"nofollow noopener\" target=\"_blank\">are driving up energy bills and pushing industry abroad<\/a>. <a href=\"https:\/\/www.express.co.uk\/latest\/angela-rayner\" data-link-tracking=\"InArticle|AutoLink\" rel=\"nofollow noopener\" target=\"_blank\">Angela Rayner<\/a>\u2019s Employment Rights Bill will make companies even more hesitant to hire. Starmer\u2019s plan to build 300,000 homes a year has flopped, <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/1926490\/Starmer-Rachel-Reeves-housing-crisis-construction-industry-Angela-Rayner\" rel=\"nofollow noopener\" target=\"_blank\">exactly as I predicted<\/a>.<\/p>\n<p>In the run to last year&#8217;s Budget, Reeves spread chaos every time she opened her mouth. Since then, she\u2019s decided to keep quiet.<\/p>\n<p>Tuesday\u2019s Spring Statement should be her big day, but <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/finance\/personalfinance\/2168192\/rachel-reeves-faces-biggest-humiliation-starer-lock-her-in-cupboard\" rel=\"nofollow noopener\" target=\"_blank\">many in the Treasury would rather she hid in a cupboard than deliver it<\/a>. Instead, her plan is to say nothing of note, to prevent panic. That strategy won&#8217;t work now. Labour MPs want action. Mostly, they want to keep their jobs. None of them want to hunt for work in today&#8217;s jobs market.<\/p>\n<p>Reeves is relying on economic events swinging in her favour and she may get lucky. <a href=\"https:\/\/www.express.co.uk\/latest\/interest-rates\" data-link-tracking=\"InArticle|AutoLink\" rel=\"nofollow noopener\" target=\"_blank\">Interest rates<\/a> are falling, inflation is retreating and so are borrowing costs.<\/p>\n<p>But Reeves is not a lucky chancellor, so she can&#8217;t rely on that. Especially since war in Iran could drive the oil price and inflation back up. She needs to get the economy moving. She needs to do&#8230; something.<\/p>\n<p>Labour MPs are demanding big, bold moves. They want her to move to the left, to see off the Greens. That means more tax hikes, more spending, more nationalisation.<\/p>\n<p>Reeves has learned her lesson. <a data-link-tracking=\"InArticle|Link\" href=\"https:\/\/www.express.co.uk\/news\/politics\/2176670\/tony-blairs-team-delivers-stern\" rel=\"nofollow noopener\" target=\"_blank\">She knows that&#8217;s madness<\/a>. But she may be forced into those growth-destroying measures anyway.<\/p>\n<p data-mce-linkchecker-status=\"valid\">Today&#8217;s challenges would test the best chancellor. Instead, we have one of the worst. Reeves has nowhere to hide. The worst bit is that she doesn&#8217;t have a plan, and everyone knows it. Those Labour MPs better start brushing up their CVs.<\/p>\n","protected":false},"excerpt":{"rendered":"Rachel Reeves has been keeping a low profile \u2013 that won&#8217;t wash anymore (Image: Getty) Labour held the&hellip;\n","protected":false},"author":2,"featured_media":452110,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1294,59,57,58,48375,2053,50,1445,56,1893,54,55],"class_list":["post-452109","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-economy","tag-gb","tag-great-britain","tag-greatbritain","tag-green-party","tag-labour-party","tag-news","tag-rachel-reeves","tag-uk","tag-uk-economy","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/452109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=452109"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/452109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/452110"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=452109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=452109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=452109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}