Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

See all MNHQ comments on this thread

Rachel Reeves lied on her CV was not an “Economist”

1000 replies

Disappointedagain22 · 16/11/2024 11:33

AIBU - it’s OK to lie to get ahead

AINBU - it’s bad RReeves very Publicly lied about her prior work. We are right to feel annoyed by this lie.

saw this headline and am feeling really disappointed. Think Rachel Reeves needs to tell public exactly her job title.
She changed job title from Economist, to “Retail Banking”
An Economist at a Bank, is a clear and specific job, it’s a economic research position. A good experience for her current position.

”Retail Banking” - is not a job title … she could have been doing anything in a branch from Bank Teller, to Branch manager, or working in back office operations putting bank notes in the plastic bags or in HR.

OP posts:
Thread gallery
25
Ytcsghisn · 17/11/2024 11:19

BIossomtoes · 17/11/2024 11:04

Try discovering some manners. Employers’ NI increase - reversing the reduction they were recently handed - isn’t a tax on working people who will notice no difference in the bottom line on their payslip.

Yet more nonsense.

Employers don’t exist to erode their bottom line to pay more taxes. Who do you think pays for that NI increase. Employees through lower wage increases. And customer through higher prices. Business leaders have said as much.

Higher Inflation and lower wages. That’s what the budget was about.

It’s not that hard to grasp.

Intotheoud · 17/11/2024 11:19

summer555 · 17/11/2024 08:46

there isn't a mass exodus of people leaving the U.K.

There is (it's been covered extensively in the FT and the Guardian). The U.K. is on track to lose more high net worth individuals than any other country, bar China, this year.

Source (from the FT last month): "The UK is expected to lose the greatest proportion of millionaires in the world over the next four years, according to research. Analysis from economic think tank the Adam Smith Institute found the share of the population who are millionaires will fall by 20 per cent by 2028."

And from Hansard: "It is important to remember that the top 5% of taxpayers are projected to pay nearly half of all income tax in 2023-24; and the top 1% as much as 28%. "

I'd be amazed if we don't have a net loss in tax revenue which, given the level of public debt, should concern people a lot more than it seems to.

More super rich people trying to subvert democracy. Plus ca change? That really is the theme of the thread isn't it - how a small number of super-rich individuals interfere with democracy to serve their personal interests, whether through pushing slurs against elected politicians on the media outlets they control or threatening a flight of capital.

Ytcsghisn · 17/11/2024 11:21

Marlhmarlol · 17/11/2024 11:07

It's actually been a long time since we had an economist as Chancellor. Yet mysteriously nobody said any of those men weren't qualified for the job. Strange, eh?

I think Reeves has made some poor decisions recently but that is because she has allowed ideology to override rationality, not because she isn't sufficiently qualified for the job.

The previous chancellors were shit. That’s why the Tories lost the election. What’s your point?

BIossomtoes · 17/11/2024 11:23

Ytcsghisn · 17/11/2024 11:19

Yet more nonsense.

Employers don’t exist to erode their bottom line to pay more taxes. Who do you think pays for that NI increase. Employees through lower wage increases. And customer through higher prices. Business leaders have said as much.

Higher Inflation and lower wages. That’s what the budget was about.

It’s not that hard to grasp.

Yet more rudeness.

Summernightsinthe21stcentury · 17/11/2024 11:25

Ytcsghisn · 17/11/2024 11:19

Yet more nonsense.

Employers don’t exist to erode their bottom line to pay more taxes. Who do you think pays for that NI increase. Employees through lower wage increases. And customer through higher prices. Business leaders have said as much.

Higher Inflation and lower wages. That’s what the budget was about.

It’s not that hard to grasp.

Seems strange then the BoE reduced the interest rates last week...

bombastix · 17/11/2024 11:25

Ytcsghisn · 17/11/2024 11:21

The previous chancellors were shit. That’s why the Tories lost the election. What’s your point?

Weren’t you the one who said Reeves made the tea at the BoE?

VimtoVimto · 17/11/2024 11:26

@dottiehens school fees are not a tax but discretionary expenditure. I would class myself as middle class and welcome a government who invests in public services.

Ytcsghisn · 17/11/2024 11:29

BIossomtoes · 17/11/2024 11:23

Yet more rudeness.

Tru tho innit?

bombastix · 17/11/2024 11:32

Ytcsghisn · 17/11/2024 11:29

Tru tho innit?

When are you pouring the tea?

LakieLady · 17/11/2024 11:35

privatenonamegiven · 16/11/2024 12:08

Yes and interesting how the Daily Mail and the Torygraph aren’t that bothered about Boris Johnson’s track record of lying…..

Edited

If getting elected to parliament was conditional on having been 100% honest throughout your life, I doubt if they'd be able to fill all 650 seats.

LlynTegid · 17/11/2024 11:35

Shouldn't we be focusing more on the budget decisions, and the previous government leaving with what the IFS had acknowledged as a gap in finances?

LlynTegid · 17/11/2024 11:37

LakieLady · 17/11/2024 11:35

If getting elected to parliament was conditional on having been 100% honest throughout your life, I doubt if they'd be able to fill all 650 seats.

The Daily Mail pays for Boris Johnson to write a column each week. Probably becomes the highest paid fiction writer per word in history.

Nancy1906 · 17/11/2024 11:38

Marlhmarlol · 17/11/2024 11:07

It's actually been a long time since we had an economist as Chancellor. Yet mysteriously nobody said any of those men weren't qualified for the job. Strange, eh?

I think Reeves has made some poor decisions recently but that is because she has allowed ideology to override rationality, not because she isn't sufficiently qualified for the job.

How on earth is RR an economist?

She did PPE, so let's say 1/3 was economics , 1 yr there. She did a (at the time , deemed commercial MSc at Lse) , if you were a true Economist, the BoE sponsored graduates to do their MSc at Ucl. Her masters lasted truly 9 months.

And she's an Economist?????

Go and check her face out when Beth Rigby asks her about the gilt prices.... she absolutely shat a brick.

Shes raised the debt of this country to beyond anything seen outside a war situation. And she's cries for a fictitious black hole..

And you think she's an Economist.

VimtoVimto · 17/11/2024 11:39

The increase in Employers NI goes part of the way to redress the subsidy they receive when low wages are topped up by Universal credit, often while making significant profits.

VimtoVimto · 17/11/2024 11:43

edwinbear · 16/11/2024 21:44

Absolutely nobody leaves a job as an economist at the BoE, to work in the HBOS Retail Bank. It’s a huge step back. Especially if it’s correct that she left the BoE to work in some sort of complaints role at HBOS. It makes no sense at all.

Retail banks have Compliance Departments which ensure they comply with BOE regulations. I could understand a Bank of England economist wanting to broaden her experience.

Nikitaspearlearring · 17/11/2024 11:44

Hateam · 16/11/2024 12:04

It wasn't until I started reading Mumsnet that realised how much women really hate other women and take pleasure in dragging each other down.

Yes, it can be vicious. It's like piling in to kick someone in the playground. It's tempting to join in when you know there'll be no personal repercussions apart from, in my case, deep guilt!
But MNers can also be very supportive and I consider it a privilege to have a huge pool of women with different views to call on when I need a bit of perspective.

bombastix · 17/11/2024 11:45

VimtoVimto · 17/11/2024 11:43

Retail banks have Compliance Departments which ensure they comply with BOE regulations. I could understand a Bank of England economist wanting to broaden her experience.

It would also have been much better paid. Reeves would have doubled her salary most likely

poetryandwine · 17/11/2024 11:52

Disappointedagain22 · 16/11/2024 11:33

AIBU - it’s OK to lie to get ahead

AINBU - it’s bad RReeves very Publicly lied about her prior work. We are right to feel annoyed by this lie.

saw this headline and am feeling really disappointed. Think Rachel Reeves needs to tell public exactly her job title.
She changed job title from Economist, to “Retail Banking”
An Economist at a Bank, is a clear and specific job, it’s a economic research position. A good experience for her current position.

”Retail Banking” - is not a job title … she could have been doing anything in a branch from Bank Teller, to Branch manager, or working in back office operations putting bank notes in the plastic bags or in HR.

……all the way up to Bank President, OP.

Marlhmarlol · 17/11/2024 11:55

poetryandwine · 17/11/2024 11:13

A refreshing criticism, @Marlhmarlol

I am really disappointed. I had high hopes given her qualifications and background that we might finally have some pragmatic, evidence-based policy making. Everything she said pre-election supported that this was the intention.

I found the budget very depressing given its forecast impacts, which were very predictable and indeed she would have been informed about before she finalised it and aware of anyway given her expertise. But the issue here isn't a lack of qualification or appropriate expertise and I find these misogynistic attacks on her to discredit her intelligence or ability tiresome and extremely unpleasant and very sexist.

Perhaps we could focus on policy decisions rather than personal attacks on a highly qualified, intelligent and successful woman and calling her a "tea lady", if we are ever to manage to lobby our politicians to implement evidence-based policy that will work rather than swinging from one ideologically driven set of policies to the other, neither of which will fix the underlying issues in the UK economy.

poetryandwine · 17/11/2024 11:57

bombastix · 17/11/2024 11:25

Weren’t you the one who said Reeves made the tea at the BoE?

Yes, @Ytcsghisn was indeed the PP to raise this misogynistic possibility, yesterday at 11.46. They haven’t responded to the fact that RR stayed at the Bank for 6 years and has an MSc in Economics from LSE, a true world leader in the field.

Intotheoud · 17/11/2024 11:59

Nancy1906 · 17/11/2024 11:38

How on earth is RR an economist?

She did PPE, so let's say 1/3 was economics , 1 yr there. She did a (at the time , deemed commercial MSc at Lse) , if you were a true Economist, the BoE sponsored graduates to do their MSc at Ucl. Her masters lasted truly 9 months.

And she's an Economist?????

Go and check her face out when Beth Rigby asks her about the gilt prices.... she absolutely shat a brick.

Shes raised the debt of this country to beyond anything seen outside a war situation. And she's cries for a fictitious black hole..

And you think she's an Economist.

Fictious black hole? Go and see what the OBR has said about this. Jeez.

Abitlosttoday · 17/11/2024 12:02

Ytcsghisn · 16/11/2024 11:46

It sounds like, she basically made tea for the economists at BoE as an intern or something. Like when someone washes dishes at a restaurant for a summer job but calls themselves a Michelin star chef.

Also as the rumours go, she was pretty crap while she was there.

To think she is now running the economy should send shivers down the spine. A lying, incompetent, unqualified socialist at the treasury. You couldn’t make this shit up.

This is why Labour and Starmer keep banging on about the first female chancellor nonsense. Even if she was any good, the first female chancellor thing is a nonsense because we have had three women in the top job above chancellor already.

This is a prime example of why the left needs to keep resorting to identity politics. Because they’ve got nothing else to show. No actual credentials, competence or experience. The government is entirely made up of people who’ve never done real wealth creating jobs, and basically ripped off the public in Mickey Mouse public sector jobs.

Rachel Reeves will kill what’s left of the country’s economy. She is absolutely useless, you wouldn’t pay her to manage your children’s pocket money.

Edited

Liz. Truss.

Changed18 · 17/11/2024 12:02

It’s fairly unsurprising that right wing papers whose owners and senior managers own a lot of farming land (for tax reasons?) are campaigning against relatively minor reforms to inheritance tax.
Its also fairly unsurprising that they are running down a woman with a lot more relevant experience for the job then many other recent chancellors.
This is just what they do.

Nancy1906 · 17/11/2024 12:06

Intotheoud · 17/11/2024 11:59

Fictious black hole? Go and see what the OBR has said about this. Jeez.

O I know what the OBR have said, and they all said it was about 9bn. And then RR came along and gave 9.6bn pay rises and more powers to unions getting clarifications on future stances. And then in the next 2 days the strikes again!

So yea Jeez.

privatenonamegiven · 17/11/2024 12:07

LakieLady · 17/11/2024 11:35

If getting elected to parliament was conditional on having been 100% honest throughout your life, I doubt if they'd be able to fill all 650 seats.

True but I would argue that Boris Johnson lies are on a another level compared to all the other members of parliament… and the fact that so many don’t care about that still, and that he was able to become the Prime Minister, is one of the reasons we’re in such a mess.

Please create an account

To comment on this thread you need to create a Mumsnet account.

This thread is not accepting new messages.