The company run by Rachel Reeves’ senior ‘entrepreneurship adviser’ is running massive losses. Who would’ve thought…
Alexandra Depledge – hired as Reeves’ adviser in mid-2025 with a daily rate of £565.50 for two days per week, the equivalent of £73,500 a year – got herself into hot water this week by declaring in an interview on the struggling hospitality sector: “We do not need any more restaurants. I’m not anti-hospitality but that’s not where my efforts are.” She apologised yesterday after wide outrage but the damage was done…
Depledge is working at the Treasury two days a week and is known as “a champion of female start-ups” who runs “the architectural tech company Resi.” A glance at publicly available information on Resi paints a gloomier picture…
Resi is an actually small and heavily loss-making company which focuses on helping people with planning applications. She holds a tiny 12.5% stake in Resi which Guido can reveal has accumulated losses of £16 million on its profit and loss reserve account. With those losses worsening year by year…
Prior to that Depledge ran and sold a cleaning company. Interestingly her Venture Capital funder, Foresight, also invests in restaurants. They may take a dim view of the Chancellor’s main entrepreneurship adviser declaring that we don’t need them…
Depledge has long supported Reeves, declaring at Labour Conference in 2024: “If have to choose a leader to champion high growth and balance our books, again, I choose Rachel.” After getting the adviser job she told reporters of meeting Reeves: “I found working with her really enjoyable. She listened.” No surprise if Depledge was saying stuff as mad as ‘no more restaurants, please’…
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