How Rachel Reeves Is Planning A Fresh Round Of Spending Cuts Amid The Growing Economic Gloom

<div><img src="https://img.huffingtonpost.com/asset/677f7409170000260037465c.jpeg?ops=scalefit_630_noupscale" alt="Rachel Reeves is a woman under pressure." data-caption="Rachel Reeves is a woman under pressure." data-credit-link-back="" data-credit="via Associated Press" />Rachel Reeves is a woman under pressure.</div><div class="content-list-component text"><p>Be careful what you wish for.</p><p><a href="news/rachel-reeves" target="_blank" rel="noopener noreferrer">Rachel Reeves</a> spent three years as shadow chancellor planning for the day when she would finally become the first female <a href="https://uk.news.yahoo.com/nearly-4-10-men-think-103825101.html" target="_blank" rel="noopener noreferrer">resident</a> of 11 Downing Street.</p><p>Businesses were wooed and voters were told that Labour <a href="https://www.huffingtonpost.co.uk/entry/rachel-reeves-pledges-covid-fraud-crackdown-in-barnstorming-labour-conference-speech_uk_6523e8c0e4b09f4b8d40f83a">was “ready to serve, ready to lead, ready to rebuild Britain”</a>.</p><p>All that hard work came to fruition last July when, after 14 years of the Tories’ economic under-performance, the country finally decided that Reeves and her party could be trusted with the public finances again.</p><p>Barely six months on from that landslide victory, however, the chancellor must surely be wondering what she let herself in for.</p><p>Every day seems to bring more gloomy economic news, with the past week alone seeing the cost of government borrowing hit a decades-long high – worse even than in the aftermath of<a href="news/liz-truss" target="_blank" rel="noopener noreferrer"> Liz Truss</a>’ disastrous <a href="news/mini-budget&