Downing Street is scrambling to calm the markets after they were unconvinced by Starmer’s reset. After stressing to journalists at the Lobby briefing that Reeves was sold on the plans, the official Cabinet meeting readout just now painstakingly stresses the point:
“The Prime Minister reiterated the changes made to the No10 operation this week to deliver on that agenda, which will ensure he has the strongest possible team on the pitch to deliver this change. He said he and the Chancellor had spoken at length over the summer about how these changes would bolster their joint approach to the growth agenda, and ensure it is a key factor when taking decisions.”
Guido hears while Starmer’s new fixer Darren Jones can flutter around departments and speak for the PM he is currently focussing in on the upcoming omnishambles budget and tax matters for his current brief. He’ll have to deal with Budget Man Bell trying to pull the tax hike lever every five minutes…
Despite Starmer complaining that he wasn’t involved in more early decisions the expectation in government is that Jones will take him further away from more processes. Just wait until there’s a difference of opinion between Jones and Morgan the McIaveli…
Political hacks are disagreeing over whether the reset is a move to hamper Reeves. It will actually have the effect of tying their fortunes closer together…
One insider source tells Guido the Chancellor “wanted No10 to be better at economic policy so it isn’t all her fault.” At the same time Downing Street wanted to be able to tell when Reeves was taking undue instruction from insistent Treasury boffins which they “haven’t been able to do” so far. The ultimate effect as identified by Reeves is that getting rid of her via a post-budget blame game just got a lot harder…
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