Rachel Reeves

[steeleye20]

One helpful thing in a Chancellor is experience, she has been there a few months now and I expect a decent outcome on Wednesday to the Spring Statement. As an example Nigel Lawson had a lot of doubters and became a decent Chancellor overcoming a very difficult and demanding Prime Minister.

The 'committed unbeliever'.

Lawson was the arch-tax-cutter, the arch-privatiser and the arch-deregulator of the 1980s.

The big sell-off, in some cases just give aways. started in 1984, and Labour are continuing the same falled model.

1984 was not Orwell, but Thatcher, for the first time the accounts were kept in balance by flogging assets off or giving them to foreigners.


😎

 

[Willo]

In a conversation last night, some gentleman posed the question "Who will be the first to leave her post, Rachel Reeves or Kemi Badenoch ?"

 

[HKOwen]

One helpful thing in a Chancellor is experience, she has been there a few months now and I expect a decent outcome on Wednesday to the Spring Statement. As an example Nigel Lawson had a lot of doubters and became a decent Chancellor overcoming a very difficult and demanding Prime Minister.

I agree Lawson was a decent chancellor, his lack of experience was mitigated by his huge intellect. RFA does not have the same benefit.

 

[HKOwen]

In a conversation last night, some gentleman posed the question "Who will be the first to leave her post, Rachel Reeves or Kemi Badenoch ?"

If there is a recession she is gone, big price to pay for getting rid of an incompetent.
She is now tying herself in knots trying to not breach fiscal rules but cos she doesn't understand economic cause and effect she is relying on others for policy she then sells like a ventriloquists dummy.

 

[Jacey]

In a conversation last night, some gentleman posed the question "Who will be the first to leave her post, Rachel Reeves or Kemi Badenoch ?"

Poor Kemi,has been a great disappointment and hopeless Rachel from Accounts is hopelessly out of her depth.
Sooner she is gone,the better as clearly clueless!!

 

[Spiderman]

AI doesn't work from home, I expect there are a lot of jobsworths that can be replaced.

From my experience you need to start with the ridiculous amount of Senior Managers, most of whom have no interest in the work of their Departments, they just move around inwards and upwards in the gravy train. Not forgetting the ridiculously high salaries they are receive. Unfortunately I think it will be the lower ranks hit hardest.
On the subject of working from home, I agree it has got to stupid levels. However let’s not forget the Tory Government sold off/ gave up a lot of office space, which, in some departments, if everyone turned up at the Office there would not be enough space for them!

 

[Badger11]

From my experience you need to start with the ridiculous amount of Senior Managers, most of whom have no interest in the work of their Departments, they just move around inwards and upwards in the gravy train. Not forgetting the ridiculously high salaries they are receive. Unfortunately I think it will be the lower ranks hit hardest.
On the subject of working from home, I agree it has got to stupid levels. However let’s not forget the Tory Government sold off/ gave up a lot of office space, which, in some departments, if everyone turned up at the Office there would not be enough space for them!

I can solve that problem, just sack a few of them😀

 

[NMPalace]

If there is a recession she is gone, big price to pay for getting rid of an incompetent.
She is now tying herself in knots trying to not breach fiscal rules but cos she doesn't understand economic cause and effect she is relying on others for policy she then sells like a ventriloquists dummy.

whoever was in power would be struggling.

The country (other than a post covid bounce that all countries had) hasn't really had any growth for the last 15 plus years. If this is to improve it won't be done in a few months it will take a few years.

That accompanied with an ageing population (so less people working and paying tax) and debts of 100% of GDP which means the govt are spending £100bn a year in interest alone.

On top of this the country needs to find more for defence spending.

 

[CPFCSaturn]

whoever was in power would be struggling.

The country (other than a post covid bounce that all countries had) hasn't really had any growth for the last 15 plus years. If this is to improve it won't be done in a few months it will take a few years.

That accompanied with an ageing population (so less people working and paying tax) and debts of 100% of GDP which means the govt are spending £100bn a year in interest alone.

On top of this the country needs to find more for defence spending.

If their only ideas are to pursue the same policies that have been failing for decades, then yes they would.

 

[dreamwaverider]

Poor Kemi,has been a great disappointment and hopeless Rachel from Accounts is hopelessly out of her depth.
Sooner she is gone,the better as clearly clueless!!

Probably not before the looming recession bites, rates shoot up and many take flight while even more flood in. This is not her doing, and I do not think there is anyone who could correct things as they continue on a downwards trajectory,not just here but globally. It is fair to say we are in very uncertain times.
Berkshire Hathaway (Warren Buffettt, the world's greatest investor) has put 30% into cash (massive).
I certainly would not want Reeves job right now. She is on a hiding to nothing.

 

[rob1969]

From my experience you need to start with the ridiculous amount of Senior Managers, most of whom have no interest in the work of their Departments, they just move around inwards and upwards in the gravy train. Not forgetting the ridiculously high salaries they are receive. Unfortunately I think it will be the lower ranks hit hardest.
On the subject of working from home, I agree it has got to stupid levels. However let’s not forget the Tory Government sold off/ gave up a lot of office space, which, in some departments, if everyone turned up at the Office there would not be enough space for them!

Reduce the staff to fill the available space ! Like musical chairs.

 

[beak]

I agree Lawson was a decent chancellor, his lack of experience was mitigated by his huge intellect. RFA does not have the same benefit.

She has outlasted Kwasi kwarteng and

Nadhim Zahawi but she probably pays her taxes unlike the latter and unlike the former she doesn't print "funny money". Neither tenure was that long.​

,

 

[steeleye20]

'The government is in office, the treasury is in power'.

RR may have bright 'keynesian' ideas we don't know, but if she did they were well and truly snuffed out on taking office.

It is difficult to escape the conclusion that the establishment, treasury and BOE run, if that is the word, the economy for the benefit of themselves and the wealthy.

They will be untouched by anything she does, and the UK will continue it's steady decline imo.

End bank rule and reverse brexit, for a start.

I am only dreaming.

😎

 

[beak]

'The government is in office, the treasury is in power'.

RR may have bright 'keynesian' ideas we don't know, but if she did they were well and truly snuffed out on taking office.

It is difficult to escape the conclusion that the establishment, treasury and BOE run, if that is the word, the economy for the benefit of themselves and the wealthy.

They will be untouched by anything she does, and the UK will continue it's steady decline imo.

End bank rule and reverse brexit, for a start.

I am only dreaming.

😎

I'm not entirely convinced on Brexit,an expensive club to join and being a Groucho Marxist "I refuse to join any club that will have me" Clubs and lodges perpetuate bad deeds and misplaced power.

 

[Spiderman]

She has outlasted Kwasi kwarteng and

Nadhim Zahawi but she probably pays her taxes unlike the latter and unlike the former she doesn't print "funny money". Neither tenure was that long.​

,

Shame she doesn’t pay for concert tickets. 😉

 

[HKOwen]

'The government is in office, the treasury is in power'.

RR may have bright 'keynesian' ideas we don't know, but if she did they were well and truly snuffed out on taking office.

It is difficult to escape the conclusion that the establishment, treasury and BOE run, if that is the word, the economy for the benefit of themselves and the wealthy.

They will be untouched by anything she does, and the UK will continue it's steady decline imo.

End bank rule and reverse brexit, for a start.

I am only dreaming.

😎

Rachel Reeves and bright idea aremutually exclusive.

Keynesian economics didn't so much fail as it was shown not to work in all scenarios. In the 1970s, when the U.S. economy suffered stagflation, a combination of inflation and slow growth, Keynesian economics had no answer on how to tackle the problem, leading to a decline in its popularity.

Source: Investpedia

 

[Stirlingsays]

Keynes never intended nor supported his economic approach to be used as mainstream policy. It was only intended for extreme situations such as the depression. It never actually solved America's economic problem though it did improve the dire conditions.....What solved America's economy was the second world war and the huge demands made on America's manufacturing base....it wasn't printing money out of thin air.

The economics of WW2 led to huge economic success in America and the lifestyle you see in the America 1950s that's seen as a golden age for them.

We on the other hand were in huge debt and living on ration books and had lost our empire.

 

[HKOwen]

Did Keynes support the idea of being such a fickwut that you get your head in the free tickets trough twice soon after the Starmlin's suits/glasses/ falts/tickets etc etc.

A reasonable person could only conclude RFA is stupid, arrogant, greedy, thinks she is better than the general public, or, more likely a mixture of all of the foregoing.

The mentioned attributes are of course applicable to many in Westminster and politics generally

 

[HKOwen]

Keynes never intended nor supported his economic approach to be used as mainstream policy. It was only intended for extreme situations such as the depression. It never actually solved America's economic problem though it did improve the dire conditions.....What solved America's economy was the second world war and the huge demands made on America's manufacturing base....it wasn't printing money out of thin air.

The economics of WW2 led to huge economic success in America and the lifestyle you see in the America 1950s that's seen as a golden age for them.

We on the other hand were in huge debt and living on ration books and had lost our empire.

Agree with that, Keynes did become the economic guru of the left though as his theory in simple terms was all else being equal . tax , borrow and spend will solve everything

 

[Spiderman]

Shame she doesn’t pay for concert tickets. 😉

In the words of “comedian” Jiminy Cricket “ and there’s more” over £260 theatre tickets in December. With a joint income with husband of nearly £500k perhaps less freebies may be a good look