Rachel Reeves: Quit Now the Tipping Point for Britain’s Economy is Here

[Social Media]

 

Under the stewardship of Rachel Reeves, Britain's first female Chancellor of the Exchequer, the country has indeed seen growth—a grim kind of growth. Businesses are shuttering, inflation is climbing, and a pervasive gloom is spreading across the nation. As Reeves embarked on her journey to China, seeking financial aid, it seemed her only firm grip on the situation was her meticulously manicured nails.

 

Reeves is clinging to her position by the slimmest margin, while the bond markets show little tolerance for her financial strategies. The self-proclaimed champion of "fully funded and fully costed" budgets has delivered a fiscal plan so dire that it risks stifling economic growth entirely. Her approach, perceived as generous handouts to an underperforming public sector, failed to win the confidence of financial markets, pushing Britain to the brink of financial instability. The once-celebrated mantra "security is the change" has ironically devolved into mounting insecurity, with the country now viewed as less credit-worthy than Greece.

 

Reports of Reeves feeling "very depressed" due to the bleak economic outlook have surfaced. However, her empathy might be too little, too late for those facing the real-world consequences of her policies—farmers fearing the loss of their land, pensioners unable to afford heating, and small businesses forced to close. These struggles are the direct fallout of what critics label as Reeves’s brand of misguided, ideological politics. The true impact of her tax policies will only be felt in the coming months, potentially resulting in significant job losses and a further exodus of wealth from the country.

 

Despite Sir Keir Starmer’s public backing of Reeves, doubts linger about her long-term tenure. The Prime Minister's assurances have done little to quell market fears, and the comparison to the infamous lettuce outlasting Liz Truss in office has resurfaced in media commentary, suggesting that Reeves's tenure might not extend much beyond the immediate future.

 

Economist Liam Halligan’s prediction that Reeves’s tax-heavy approach would draw the ire of the bond markets has come true with startling speed. The economic strategy, or lack thereof, has not only unnerved markets but also left Reeves visibly strained and fatigued, as evident during her recent appearances.

 

The notion that Reeves’s tenure represents a landmark achievement for women in politics has lost its sheen, overshadowed by her perceived incompetence. Her early promises of pro-business policies have given way to tax hikes that disillusioned her once-supportive business community. Her inability to navigate the complex economic landscape has led to suggestions that her resignation would be in the country’s best interest.

 

The media response to Reeves's financial missteps has been relatively muted compared to the uproar following Liz Truss's mini-budget debacle. However, the looming economic calamity under Reeves’s leadership presents a more severe threat. If the International Monetary Fund were to intervene, one wonders if it would even capture significant media attention.

 

Reeves’s self-congratulatory celebrations of breaking the glass ceiling appear tragically ironic as the consequences of her policies threaten to shatter the livelihoods of many. The growth she has fostered is not the kind the nation hoped for—it is a growth in closures, inflation, and despair.

 

In light of the resignation of anti-corruption minister Tulip Siddiq, which could undermine the government's stability, Reeves might retain her position a bit longer. However, this reprieve should not be mistaken for a vote of confidence in her abilities. Her tenure has demonstrated a troubling lack of capacity to manage the country’s economy, making her departure a necessary step for the nation's recovery. For the sake of Britain’s future, a change in leadership at the Treasury is imperative.

 

Based on a report by Daily Telegraph 2024-01-17

 

 

[JonnyF]

You can't expect someone who lied on their CV to get the job to do the honourable thing and quit.

 

Starmer needs to grow a pair for once and make the decision for her. She is clearly not only dishonest, but inept. 

[Paul52]

8 hours ago, Social Media said:

Based on a report by Daily Telegraph 2024-01-17

I didn’t even need to scroll to the bottom to know that this is another twisted hatchet article from the Torygraph 

[roquefort]

19 minutes ago, Paul52 said:

I didn’t even need to scroll to the bottom to know that this is another twisted hatchet article from the Torygraph 

What exactly do you disagree with in the article?

[The Cyclist]

4 minutes ago, roquefort said:

What exactly do you disagree with in the article?

 

The economy is safe and it is all hyperbole, we had 0.1% growth in November 😀😀😑

[Bundooman]

On 1/17/2025 at 8:19 AM, JonnyF said:

You can't expect someone who lied on their CV to get the job to do the honourable thing and quit.

 

Starmer needs to grow a pair for once and make the decision for her. She is clearly not only dishonest, but inept. 

Reeves is just as dishonest as the other two untrustworthy  women, Haigh and Siddiq, in Starmer's pathetically incompetent 'govt'.

[The Cyclist]

Where is the Cavalry, with rallying cries of Reeves is doing a great job 😀😀

 

Conspicuous by their absence.

[bkk6060]

Very sad.  When was the last time any great innovation or technology came from Britain?  Probably the greatest development from there in the last 35 years is Viagra.

[Chomper Higgot]

Don’t panic, don’t panic:

 

https://www.bbc.co.uk/news/articles/cg45lwkx23xo.amp

[Seppius]

32 minutes ago, Chomper Higgot said:

Don’t panic, don’t panic:

 

https://www.bbc.co.uk/news/articles/cg45lwkx23xo.amp

The budget effects that will push up inflation and destroy jobs, does not come in force till April this year

[JonnyF]

53 minutes ago, Chomper Higgot said:

Don’t panic, don’t panic:

 

https://www.bbc.co.uk/news/articles/cg45lwkx23xo.amp

 

The BBC running puff pieces on Reeves is more reason to panic.

 

The state's propaganda wing is staying strong.

 

I'm sure they will be rewarded with a licence fee hike in the next budget.

 

[norfolkandchance]

4 hours ago, The Cyclist said:

Where is the Cavalry, with rallying cries of Reeves is doing a great job 😀😀

 

Conspicuous by their absence.

They'll be along shortly. There just getting the latest quotes fresh from the Guardian.

[Chomper Higgot]

21 minutes ago, JonnyF said:

 

The BBC running puff pieces on Reeves is more reason to panic.

 

The state's propaganda wing is staying strong.

 

I'm sure they will be rewarded with a licence fee hike in the next budget.

 

Jonny rolls up with a conspiracy theory.

 

[Chomper Higgot]

4 hours ago, The Cyclist said:

Where is the Cavalry, with rallying cries of Reeves is doing a great job 😀😀

 

Conspicuous by their absence.

The fact that the rightwing press a singing in unison off the same hymn sheet suggests Reeves is doing something right.

 

 

[The Cyclist]

20 minutes ago, Chomper Higgot said:

The fact that the rightwing press a singing in unison off the same hymn sheet suggests Reeves is doing something right.

 

 

 

I don't pay much attention to right wing press, you're all out of luck with that one.

 

So what is she doing right ?
 

Lets hear it from you, not right wing press, left wing press, or any other gutter press.

 

 Stick your neck out and tell the forum what you think she is getting right.

 

Not convinced that the Times can be considered Right Wing, although I will accept it leans to the right of centre.

 

Perhaps they are lying about this

 

Quote

Labour’s ideological hatred of the wealthy has meant a record 10,800 millionaires left the country last year, 157% up on ‘23. Only China has lost more, according to research published by The Times.

 

Another black hole for Rachel from Customer Complaints to moan about.

[Chomper Higgot]

3 minutes ago, The Cyclist said:

 

I don't pay much attention to right wing press, you're all out of luck with that one.

 

So what is she doing right ?
 

Lets hear it from you, not right wing press, left wing press, or any other gutter press.

 

 Stick your neck out and tell the forum what you think she is getting right.

 

Not convinced that the Times can be considered Right Wing, although I will accept it leans to the right of centre.

 

Perhaps they are lying about this

 

 

Another black hole for Rachel from Customer Complaints to moan about.

Reversing trickle down economics.

 

 

[The Cyclist]

3 minutes ago, Chomper Higgot said:

Reversing trickle down economics.

 

 

 

If she doesn't pull her head out of knickers PDQ, we wont have to worry about trickle down economics.

 

There will be nothing to trickle down, it will all have got up and left.

 

I don't think you have grasped the concept of trickle down economics and what is left if it is reversed.

 

Of course, that would be a Socialist Utopia, everyone working for the State.

[connda]

Keep the Marxist ideology alive and Britain will goes right down the loo with all the other progressive left, Neo-authoritarian basket cases like Germany, France, and most of the EU, all claiming to be economically vibrant "Democracies" as their economies hit the skids and the natives get restless and start demanding fiscal and social conservatism to return.  Of course, it's all "Putin's fault" naturally.

[Will B Good]

 

 

Rachel Reeves: Quit Now the Tipping Point for Britain’s Economy is Here ….the Daily Torygraph on the money as usual…oh!… Wait…..

 

    •    The International Monetary Fund (IMF) has upgraded its forecast for the UK’s economic growth in 2025 to 1.6%, positioning it as the third-strongest among G7 economies, following the US and Canada. 

 

Inflation Rates:

    •    Inflation in the UK has moderated, with recent data indicating a decline to 2.5%. This decrease has alleviated pressure on the Bank of England and influence future monetary policy decisions.

 

Borrowing Rates and Government Bonds:

    •    Yields on UK government bonds, known as gilts, have experienced fluctuations. The 10-year gilt yield climbed to approximately 4.9% in early January 2025, the highest since 2008. However, forecasts suggest a decline to about 4% by the end of 2025.  
    •    The Bank of England is anticipated to implement multiple interest rate cuts throughout 2025 to support economic growth, with expectations of quarterly reductions.

 

These developments reflect a dynamic economic environment in the UK, with positive growth forecasts tempered by ongoing challenges in inflation and borrowing costs.

 

[The Cyclist]

11 minutes ago, Will B Good said:

Inflation Rates:

    •    Inflation in the UK has moderated, with recent data indicating a decline to 2.5%. This decrease has alleviated pressure on the Bank of England and influence future monetary policy decisions.

 

In 2024, were  May and June figures not 2%, Septembers figure being 1.7%, yet according to the above, Inflation has moderated and declined to 2.5% 

 

Amazing

 

15 minutes ago, Will B Good said:

 •    The International Monetary Fund (IMF) has upgraded its forecast for the UK’s economic growth in 2025 to 1.6%, positioning it as the third-strongest among G7 economies, following the US and Canada. 

 

Which will get slashed when Q1 figures are released.

 

18 minutes ago, Will B Good said:

Borrowing Rates and Government Bonds:

 

Borrowing will rise, to compensate for the loss of the millionaires fleeing the UK, the tax take weakens, unemployment starts to rise.

 

Government bonds / Gilt prices will shoot through the roof as Government desperation sets in.

 

Then the IMF will be called in.

[Chomper Higgot]

1 hour ago, The Cyclist said:

 

If she doesn't pull her head out of knickers PDQ, we wont have to worry about trickle down economics.

 

There will be nothing to trickle down, it will all have got up and left.

 

I don't think you have grasped the concept of trickle down economics and what is left if it is reversed.

 

Of course, that would be a Socialist Utopia, everyone working for the State.

I absolutely have grasped the concept of ‘trickle down economics’, it’s a lie.

 

Wealth does not ‘trickle down’, it never has done, never will do.

 

 

Who suggested ‘everyone working for the state’?

 

Oh you did….. 

[Will B Good]

16 minutes ago, The Cyclist said:

In 2024, were  May and June figures not 2%, Septembers figure being 1.7%, yet according to the above, Inflation has moderated and declined to 2.5% 

 

Pick a date....no....any date........November 2.6%......so if I'm not mistaken.......2.5% shows a decline

[Chomper Higgot]

Yet more good news doom fixated won’t like:

 

https://www.ig.com/uk/news-and-trade-ideas/ftse-100-hits-record-high--where-to-next--250117

[The Cyclist]

Just now, Chomper Higgot said:

I absolutely have grasped the concept of ‘trickle down economics’, it’s a lie.

 

Wealth does not ‘trickle down’, it never has done, never will do.

 

It took you an hour to come up with that ?
 

If its all a lie, wealth has never trickled down and never will do, square this circle for me

 

1 hour ago, Chomper Higgot said:

Reversing trickle down economics.

 

 

 

How can you reverse something that is a lie, does not exist and never has existed ?
 

Stiff talking needed with your handler, as clueless as you.

[The Cyclist]

1 minute ago, Chomper Higgot said:

Yet more good news doom fixated won’t like:

 

https://www.ig.com/uk/news-and-trade-ideas/ftse-100-hits-record-high--where-to-next--250117

 

International Companies Chomper, International Companies.

 

FTSE 250 is where its at at for a better overview of the UK.

 

Try getting the basics correct.

[The Cyclist]

5 minutes ago, Will B Good said:

 

Pick a date....no....any date........November 2.6%......so if I'm not mistaken.......2.5% shows a decline

 

So it shot up from 2% in June to 2.7% under Labour, but a reduction to 2.5% is apparently something to crow about.

 

Do you know why it dropped suddenly to 1.7% in September ?

[Chomper Higgot]

In February 2024 the BoE forecast the UK inflation rate for Q1 2025 to be 2.8%.
 

The fact that is lower than the BoE forecasts is good news.

 
Refer Table 1A

 

https://www.bankofengland.co.uk/monetary-policy-report/2024/february-2024

[Chomper Higgot]

7 minutes ago, The Cyclist said:

 

It took you an hour to come up with that ?
 

If its all a lie, wealth has never trickled down and never will do, square this circle for me

 

 

How can you reverse something that is a lie, does not exist and never has existed ?
 

Stiff talking needed with your handler, as clueless as you.

Yes it was a lie, the nations wealth was being fed to the already wealthy, it was never going to trickle down (did I just say that?).

 

Reeves has put a stop to ‘trickle down economics’.

 

It’s good news.

[The Cyclist]

1 minute ago, Chomper Higgot said:

Reeves has put a stop to ‘trickle down economics’.

 

Sure she has, because the wealth creators are fleeing the UK

 

3 minutes ago, Chomper Higgot said:

t’s good news.

 

Is this your definition of " Good News "

 

1 hour ago, The Cyclist said:

Labour’s ideological hatred of the wealthy has meant a record 10,800 millionaires left the country last year, 157% up on ‘23. Only China has lost more, according to research published by The Times.

 

 

That would be mentalism at its finest. Own it.

[Will B Good]

9 minutes ago, The Cyclist said:

 

So it shot up from 2% in June to 2.7% under Labour, but a reduction to 2.5% is apparently something to crow about.

 

Do you know why it dropped suddenly to 1.7% in September ?

 

Something to do with Liz Truss?