Rachel Reeves hosted a charity breakfast at No 11 Downing Street, showcasing a reimagined Treasury under her leadership as the first female chancellor. Critics express concerns that the Treasury has reverted to its old habits of resisting change. Some worry this reflects institutional capture, while Reeves defends her decisions, arguing that ordinary working people are bearing the brunt of the economic fallout. With a comprehensive infrastructure strategy and a focus on growth, Reeves aims to reshape perceptions of the Treasury as merely a finance ministry.
Critics argue that the Treasury, under Rachel Reeves, has reverted to its traditional stance of resisting significant reform despite her efforts to promote growth and investment.
Reeves emphasizes that the tough financial decisions made were a response to the previous economic mismanagement, and it’s everyday people who are affected the most.
Reeves's approach includes a comprehensive 10-year infrastructure strategy, aiming to redefine the Treasury's role towards public investment rather than just financial constraints.
Despite the challenges, Reeves’s allies believe that institutional sexism may be at play in the criticism directed towards her tenure.
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