How much trouble is Rachel Reeves in?

Keir Starmer appointed Rachel Reeves as Chancellor on the day he became Prime Minister.

But for Reeves , sorrows have come not as single spies but as battalions.

Economic growth on which she staked her reputation is flatlining and UK bond yields are rising.

Unpopular policies such as the winter fuel payment cuts have damaged Reeves ’ standing inside the cabinet.

For several years , Westminster watchers have speculated that Torsten will one day become chancellor and Olaf will one day become cabinet secretary. Recent events Torsten ’s arrival in parliament and Olaf ’s arrival in No 10 suggest all is going to plan. This piece first appeared in the Morning Call newsletter; receive it every morning by subscribing on Substack here [See also: Donald Trump ’s empire of ego].