Rumbled, Rachel From Accounts

[Social Media]

 

Rachel Reeves, often dubbed "Rachel from Accounts," has reached a critical juncture. With her policies under intense scrutiny and market trust waning, many believe it's time for her to face the consequences—whether that means collecting her P45 or seeking solace in China, a country perceived as ideologically closer to her.

 

Since Labour's rise to power last July, business confidence in the UK has taken a significant hit. When Reeves and Starmer assumed control, they inherited the fastest-growing economy in the G7. However, their approach, reminiscent of Jeremy Corbyn's governance rather than Tony Blair's, has alienated wealth creators both domestically and internationally. The global financial markets, well-informed and vigilant, have not been impressed by the duo’s governance, which appears overly aligned with union interests and a leftward tilt.

 

The financial world is keenly aware of Labour’s decisions. The inflationary pay awards for train drivers and doctors did not go unnoticed, especially since these raises came without corresponding productivity improvements in the public sector. This, combined with the decision to halt the planned reduction of 66,000 Whitehall jobs, signaled a retreat from essential governmental reforms, further unsettling the markets. Trust, a vital currency in economic circles, has eroded as Reeves’ actions seemed to signal a commitment to old-fashioned, high-tax governance.

 

Reeves’ stance on independent schools has drawn particular ire. Her social media activity suggests a satisfaction in the decline of fee-paying schools, which have been harshly affected by Labour’s imposition of a 20% VAT on their fees. This policy stands out in Europe and has led to the closure of many storied institutions, a move that seems more punitive than pragmatic. The closures bring no tax benefit and only add pressure to the state education system, a move many view as ideologically driven rather than fiscally sound.

 

Trust in Reeves has further deteriorated due to her perceived dishonesty. In the last General Election, she and Starmer promised not to raise taxes on working people, a pledge that resonated deeply with British businesses. Yet, this promise was swiftly broken with an October Budget that introduced a £25 billion hike in National Insurance, a direct hit to private sector workers.

 

This Budget exacerbated an already dire situation, discouraging investment and halting job creation. The resulting economic slowdown has ironically led to lower tax revenues, perpetuating a cycle of economic distress. Inflation remains stubbornly high, exacerbated by Labour’s policies, and precludes the possibility of reducing domestic interest rates to stimulate growth.

 

Reeves now faces a dire choice: cut spending and risk the ire of her backbenchers, or raise taxes again, further stifling economic activity. Both options are fraught with peril and threaten to deepen the ongoing economic malaise.

 

Ultimately, the blame for this predicament falls squarely on Reeves. Her fiscal misjudgments and lack of a coherent growth strategy have undermined market confidence. The private sector, a cornerstone of national prosperity, feels neglected and demoralized.

 

As the economic indicators flash red at the dawn of 2025, it’s evident that Reeves’ approach has faltered. The calls for her resignation grow louder, suggesting it’s time for Rachel from Accounts to step aside. Whether Starmer can recover from this debacle remains to be seen, but a new Chancellor may be a necessary first step in restoring faith in Labour's economic management.

 

Based on a report by Daily Mail 2024-01-13

 

 

[soalbundy]

'Fake it till you make it' Reeves.

[portisaacozzy]

3 hours ago, Social Media said:

 

Rachel Reeves, often dubbed "Rachel from Accounts," has reached a critical juncture. With her policies under intense scrutiny and market trust waning, many believe it's time for her to face the consequences—whether that means collecting her P45 or seeking solace in China, a country perceived as ideologically closer to her.

 

Since Labour's rise to power last July, business confidence in the UK has taken a significant hit. When Reeves and Starmer assumed control, they inherited the fastest-growing economy in the G7. However, their approach, reminiscent of Jeremy Corbyn's governance rather than Tony Blair's, has alienated wealth creators both domestically and internationally. The global financial markets, well-informed and vigilant, have not been impressed by the duo’s governance, which appears overly aligned with union interests and a leftward tilt.

 

The financial world is keenly aware of Labour’s decisions. The inflationary pay awards for train drivers and doctors did not go unnoticed, especially since these raises came without corresponding productivity improvements in the public sector. This, combined with the decision to halt the planned reduction of 66,000 Whitehall jobs, signaled a retreat from essential governmental reforms, further unsettling the markets. Trust, a vital currency in economic circles, has eroded as Reeves’ actions seemed to signal a commitment to old-fashioned, high-tax governance.

 

 

Reeves’ stance on independent schools has drawn particular ire. Her social media activity suggests a satisfaction in the decline of fee-paying schools, which have been harshly affected by Labour’s imposition of a 20% VAT on their fees. This policy stands out in Europe and has led to the closure of many storied institutions, a move that seems more punitive than pragmatic. The closures bring no tax benefit and only add pressure to the state education system, a move many view as ideologically driven rather than fiscally sound.

 

Trust in Reeves has further deteriorated due to her perceived dishonesty. In the last General Election, she and Starmer promised not to raise taxes on working people, a pledge that resonated deeply with British businesses. Yet, this promise was swiftly broken with an October Budget that introduced a £25 billion hike in National Insurance, a direct hit to private sector workers.

 

This Budget exacerbated an already dire situation, discouraging investment and halting job creation. The resulting economic slowdown has ironically led to lower tax revenues, perpetuating a cycle of economic distress. Inflation remains stubbornly high, exacerbated by Labour’s policies, and precludes the possibility of reducing domestic interest rates to stimulate growth.

 

Reeves now faces a dire choice: cut spending and risk the ire of her backbenchers, or raise taxes again, further stifling economic activity. Both options are fraught with peril and threaten to deepen the ongoing economic malaise.

 

Ultimately, the blame for this predicament falls squarely on Reeves. Her fiscal misjudgments and lack of a coherent growth strategy have undermined market confidence. The private sector, a cornerstone of national prosperity, feels neglected and demoralized.

 

As the economic indicators flash red at the dawn of 2025, it’s evident that Reeves’ approach has faltered. The calls for her resignation grow louder, suggesting it’s time for Rachel from Accounts to step aside. Whether Starmer can recover from this debacle remains to be seen, but a new Chancellor may be a necessary first step in restoring faith in Labour's economic management.

 

Based on a report by Daily Mail 2024-01-13

 

 

wow,written by someone who knows nothing,hates women,hates thr labour party and hates himselfe.writen by someone who forgets that they lost the last election because there main achiement was trashing the uk econamy,even that took them 14 years !!

[portisaacozzy]

51 minutes ago, soalbundy said:

'Fake it till you make it' Reeves.

thank you 'forrest gump ' !!

[josephbloggs]

Within the first two sentences I just knew this would end with "Based on a report by Daily Mail". Pathetic. So many of these Daily Mail articles on here now, it is clear where this site sits now.

Even the headline alone makes it clear.

Shame on AN presenting this as "news".

[mikebell]

Pensioners, for verification, check out the UKP v Thai baht rate on your frozen State pension.