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’…
Starmer loyalist and Housing Secretary Steve Reed told Sky News that Starmer should not be replaced:
“We saw what the Tories did. They were in power for 14 years, and after 2016, I think we had nine education secretaries, seven chancellors, and five Prime Ministers. Doomscrolling through Prime Ministers doesn’t resolve the problem.”