Craig Munro | Senior Politics Reporter Published July 12, 2026 9:57am Updated July 12, 2026 9:58am To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Rachel Reeves has described the time she moved markets by openly crying during Prime Minister’s Questions last year as her ‘toughest moment’ as Chancellor. There was widespread confusion and shock last July when Reeves appeared distressed while sitting behind Keir Starmer in Parliament. The incident came amid speculation – coinciding with the first anniversary of Labour’s election victory – that she was going to be dumped from her role. Reeves has never revealed the specific reasons why she broke down, but she went into more detail about that day in an interview with the BBC’s Laura