Labour isn't working - Thread 4

[TheNuthatch]

A chat thread for those who don't like this Labour government.

Previous thread:
www.mumsnet.com/talk/_chat/5333471-labour-isnt-working-thread-3

No fan of Reeves but at a human level I can't help but feel for her. She looked distraught today.

Sorry to hear this for you both.

All these posters rushing to defend Reeves with no thought of Labour’s impact.

That AZ stuff is so bad.

I have no sympathy for Reeves. A nasty, arrogant and smug woman imo.
Also quite cross that everyone now feels sorry for her because she was upset. Would they have felt the same if she was an equally unpleasant man?

Very true.
Would they express the same sympathy to Liz Truss if she had cried through PMQs? Or Kemi Badenoch? I suspect not.

Yes I would. It’s called empathy.

Of course not. Look at the posts on them generally.

I don't think there'd be an ounce of empathy if Truss has cried her eyes out on the front bench. Somebody would have just added tears to that wilting lettuce.

Can I say how much I loathe Starmer at PMQs. I just watched his response to Kemi’s question. He’s revolting. I don’t know how anyone can cheer for him.

I doubt that would have caused her meltdown. Politics is tough and especially so for women, but really she's a dead woman walking after this.

You can definitely say how much you loathe him. He is repulsive.
I hope you enjoyed watching him trip up as he left No 10 this morning :-)

Ha I haven’t seen that yet. I can only watch one minute then have to switch off.

It was hardly a meltdown, Rees-Mogg slept in the Commons, Johnson lied and Parish was watching porn. I would say that should be a lot more damaging than a few tears.

Unfortunately for her it isn’t. Markets have tumbled today due to loss of faith in government finances.

True

Rachel Reeves triggered a £3 billion market sell-off on Wednesday after crying at Prime Minister’s Questions.

That's more because Starmer failed to back her rather than she shed a couple of tears. Markets hate uncertainty.

No, media reports clearly state that markets reacted negatively immediately after her “emotional state” and as a response to it.

What sources? This is what Bloomberg reported "
The selloff was triggered by Prime Minister Keir Starmer's initial failure to back Reeves, leading to concerns about her replacement and potential changes to fiscal policies."

The BBC - “borrowing costs have surged and the pound has fallen following a tearful appearance by chancellor Rachel Reeves this afternoon”.

Other sources are available.

Yes other sources are available. Bloombergs is a pretty good one if you are looking at markets.

The BBC states "Craig Inches, head of rates and cash at Royal London Asset Management, said the bond market "is largely concerned that a new chancellor will rip up Reeves' fiscal rules and go for excessive unfunded borrowing", along with concerns about UK growth." This is more about Starmer not backing her and uncertainty around whether she will stay or not. Markets aren't too worried about emotions, more hard facts.

Starmer wiping £3bn off in a day is just as bad.

@CinnamonSquirrels Actually markets are very much driven by sentiment but I can see you are not going to be swayed by anything I say or any sources I give so i bid you goodnight.

Sentiment can be related to the hard fact of a PM publicly refusing to back their Chancellor. Quite a powerful trigger for uncertainty.

Ditto about you not being swayed by anything I say but I'm fine with agreeing to differ.

Wonder what today will bring. Not sure if I want Reeves to go or not, she was a mess there but a new chancellor is just another wheeze. Labour are up against it in various ways, it’s Starmer I can’t stand the most in any case.

Telling that it's Streeting doing the press rounds talking about how Reeves and Starmer are here to stay. I see they are keeping shit-stirrer in chief, Rayner away from the press.

Nick Robinson Starmer R4 interview was very good. Markets have bounced back with Starmer’s endorsement of Reeves staying. Who knows what today will bring!