Rachel Reeves

[Dixy]

Decided she needs a new topic all of her own.
https://www.bbc.co.uk/news/articles/cvg745ggn3no

Debt is still debt no matter what you call it.

[Heathwood]

I have a feeling she’s either going to pitch us in the right direction and set some decent economic foundations or make a complete sows arse of things. No middle ground. I just wish I knew which way it’ll go.

[monkfish1]

Heathwood said:

I have a feeling she’s either going to pitch us in the right direction and set some decent economic foundations or make a complete sows arse of things. No middle ground. I just wish I knew which way it’ll go.

I thought is was pretty obvious?

To get out of the current situation, we need growth.

So far, not one single idea or suggestion, never mind firm policy that will give us that.

The outcome is a forgone conclusion id suggest.

[FMOB]

You would think there are standard methods for assessing debt levels, sounds like the magic money tree method.

Wonder what the OBR will make of this but more importantly the financial markets. Sounds like a Liz Truss moment in the making.

Time to buy a lettuce.

[Heathwood]

I’m hoping the speculation / media leakage surrounding the budget is intended to prepare us for some firm / unpopular decisions, but this may be balanced by policies that do encourage and enable growth. I know, I’m naively optomistic.

[Blue62]

Heathwood said:

I have a feeling she’s either going to pitch us in the right direction and set some decent economic foundations or make a complete sows arse of things. No middle ground. I just wish I knew which way it’ll go.

I’m quite surprised, others with more insight may comment, but I thought she might be more cautious when it came to relaxing the rules on debt. I guess we will see how the markets react.

[Ashfordian]

Previously it was PFI which was off balance sheet, now this.

Nothing will work though as we simply have too much debt, and that means too much money is being wasted on servicing the debt pile. We are in a slow motion debt spiral.

It's really all about keeping the confidence in the debt markets because as soon as that goes, the reality is going to hit the fan, very badly!

The tail is wagging the dog when it comes to Government debt and the UK!

[Dogwatch]

Start counting the spoons!

[Timothy Bucktu]

Heathwood said:

I have a feeling she’s either going to pitch us in the right direction and set some decent economic foundations or make a complete sows arse of things. No middle ground. I just wish I knew which way it’ll go.

I think I can guess which one it'll be!

[Rusty Old-Banger]

FMOB said:

You would think there are standard methods for assessing debt levels, sounds like the magic money tree method.

Wonder what the OBR will make of this but more importantly the financial markets. Sounds like a Liz Truss moment in the making.

Time to buy a lettuce.

This. It'll make Truss and Kwarteng looks like financial experts.

[51mes]

contango said:

Surely this can't be true, enhancing a CV could see many of us lose our jobs?

https://order-order.com/2024/10/24/rachel-reeves-b...

That sort of stretches enhancing about as far as it can go, yes she worked for the organisation, but I'd say that's outright fibbing...

Did she think she would be able to get away with it?

[andy43]

51mes said:

contango said:

Surely this can't be true, enhancing a CV could see many of us lose our jobs?

https://order-order.com/2024/10/24/rachel-reeves-b...

That sort of stretches enhancing about as far as it can go, yes she worked for the organisation, but I'd say that's outright fibbing...

Did she think she would be able to get away with it?

Check her wiki page out - it still says she was the U14s champion chess player remember, she’ll be two moves ahead of Guido all day long.
Oh hang on…no, she came 26th didn’t she?
May I be allowed to use the word grubby?

[biggles330d]

Does it mean if the calculation method changes, the £20b / £40b black hole also vanishes? Doubt it. So find savings of £40b and add £50b now achievable from extra borrowing?

[rodericb]

andy43 said:

51mes said:

contango said:

Surely this can't be true, enhancing a CV could see many of us lose our jobs?

https://order-order.com/2024/10/24/rachel-reeves-b...

That sort of stretches enhancing about as far as it can go, yes she worked for the organisation, but I'd say that's outright fibbing...

Did she think she would be able to get away with it?

Check her wiki page out - it still says she was the U14s champion chess player remember, she’ll be two moves ahead of Guido all day long.
Oh hang on…no, she came 26th didn’t she?
May I be allowed to use the word grubby?

A born bullstter.

Labour barely into power and it's already a total farce.

[CrgT16]

If those findings from Guido are true this is really serious in terms of her ability to hold such important job.

It’s not looking as a responsible person to hold the job. Like the previous poster said it makes Truss and Kwarteng look like they knew what they were doing!!

[rdjohn]

Our discussion over dinner last night was, how fast will Starmer dump her when this unravels and who will he replace her with - probably male.

All politicians believe that they are economic experts until it unravels.

Nigel Lawson was probably the last one who actually achieved a positive outcome for his efforts and beliefs. Gordon Brown looked good until the financial crisis quickly showed-up his shortcomings.

[andy43]

rdjohn said:

Our discussion over dinner last night was, how fast will Starmer dump her when this unravels and who will he replace her with - probably male.

All politicians believe that they are economic experts until it unravels.

Nigel Lawson was probably the last one who actually achieved a positive outcome for his efforts and beliefs. Gordon Brown looked good until the financial crisis quickly showed-up his shortcomings.

If you weren’t a champion chess player or an HBOS economist and you were entering public life, even as a back bencher, why on earth wouldn’t you read your fantasy wiki and put the record straight? Change my arse.

[OutInTheShed]

rdjohn said:

Our discussion over dinner last night was, how fast will Starmer dump her when this unravels and who will he replace her with - probably male.

.....s.

I reckon Reeves might last longer than Starmer.

[Timothy Bucktu]

biggles330d said:

Does it mean if the calculation method changes, the £20b / £40b black hole also vanishes? Doubt it. So find savings of £40b and add £50b now achievable from extra borrowing?

It's just lots of zeros and soundbites for the media. I mean the 20bn 'black hole' was immediately stretched to 40bn with their marvellous mechanical carbon capture organ.
We're screwed with mounting debt as are so many Western nations. You have to wonder if said debt will ever go away in any future lifetimes?

[TikTak]

I really want to be proven wrong but everything I've seen of this woman over the last couple of weeks has me quite worried. I don't really trust she knows at all what she's doing and her party are still, months down the line, too busy pointing fingers going "if it's crap it's because of the last lot" that there will be zero accountability too.

I'm feeling the earlier sentiment that this will either be a pleasant surprise or another Truss/Kwarteng bombshell, middle grounds need not apply.