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 ' !!

[mikebell]

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

[scottiejohn]

55 minutes ago, portisaacozzy said:

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 !!

The above is obviously written by someone with his labour blinkers on!

[Chomper Higgot]

Opinions differ.

 

My opinions don’t need photoshopped images to support them.

[newbee2022]

5 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

 

 

A very one sided view. Not worth to read.

[JonnyF]

Utterly clueless and incompetent.

 

Rachel from accounts and her budget for recession will crash the pound and ruin the economy. 

 

Then they will blame the Tories, same as they always do. 

[norfolkandchance]

True or not.

 

[Chomper Higgot]

2 minutes ago, norfolkandchance said:

True or not.

Is stuff anonymously posted on social true or not?

 

why do you even ask?!

[jippytum]

1 hour ago, portisaacozzy said:

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 !!

people who turn a blind eye to what is happening since labour won the election on a false manifesto have their head in the sand. Six months to turn a massive vote of support into a majority of regretful voters. 

[The Cyclist]

1 minute ago, norfolkandchance said:

True or not.

 

This was widely reported in the media a few weeks / months ago.

 

It broke at the same time that someone else called out her time and function at the BoE.

 

It would appear that her CV is an understatement in embellishment. Which would get normal people sacked on the spot.

 

 

[Chomper Higgot]

39 minutes ago, jippytum said:

people who turn a blind eye to what is happening since labour won the election on a false manifesto have their head in the sand. Six months to turn a massive vote of support into a majority of regretful voters. 

False manifesto?

[cdemundo]

She certainly is careless about the fit of her cap!

[JonnyF]

She is a complete charlatan. A fraud.

 

But because Starmer is too stubborn to accept his mistake and replace her, huge damage is unfolding in the UK economy.

 

Shameful. 

[Will B Good]

 

I think this is not a totally unfair representation of many politicians.....not to detract from this particular criticism of Reeves.

 

Many/most politicians are in the positions they find themselves simply because that is where they want be......not because they are eminently qualified to do the job......

 

It always amazed me that someone who struggled to make Captain in the army was appointed secretary of defence, or someone who was a sea cadet and could hold a sword for an hour might have been appointed to the same position.

 

I'm sure the list could go on and on for all parties in the UK and elsewhere.

 

Feel free to add your own.

 

Sebastian Fox

Michael Green

Corinne Stockheath

 

to name but one.

 

 

[Thingamabob]

Deeply worrying for all Brits that Starmer has sent his co-marxist Reeves to visit China as a priority. I wonder what comes next ..

[Grusa]

1 hour ago, Will B Good said:

 

I think this is not a totally unfair representation of many politicians.....not to detract from this particular criticism of Reeves.

 

Many/most politicians are in the positions they find themselves simply because that is where they want be......not because they are eminently qualified to do the job......

 

It always amazed me that someone who struggled to make Captain in the army was appointed secretary of defence, or someone who was a sea cadet and could hold a sword for an hour might have been appointed to the same position.

 

I'm sure the list could go on and on for all parties in the UK and elsewhere.

 

Feel free to add your own.

 

Sebastian Fox

Michael Green

Corinne Stockheath

 

to name but one.