Red milk or blue? What happened when the Chancellor Rachel Reeves dropped in for a cuppa with Wolverhampton family
Chancellor of the Exchequer Reeves dropped in for a cuppa with a Wolverhampton couple to hear about their plans to buy their first home.
The Chancellor dropped in on schoolteacher Ricky Jeffrey and wife Xian Chen, who are living with Ricky's parents at their home in Wychall Drive.
Next month the couple, and their five-year-old son Lennox, will move into their first home, almost nine years after getting married. They lived with Xian's family in China for eight years after getting married in 2017, but last year the couple moved to the UK to live in Wolverhampton.
The Chancellor was also accompanied by Wolverhampton North East MP Sureena Brackenridge, and Ricky jokingly asked if they wanted red top or blue top milk with their tea.
The Chancellor said the average homeowner in Wolverhampton was now more than £1,300 a year better off than when Labour took office thanks to six consecutive cuts to interest rates.
Miss Reeves said a household taking out a new, representative mortgage on a £216,000 house in December 2025 - the median price in Wolverhampton - would pay £1,390 a year less than if they took out an identical mortgage in June 2024, at the time of the election.
