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

[Disappointedagain22]

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.

I am not sure why you assume that because I (dare to) criticise the government I am a Tory supporter. I didn’t vote Tory or Labour in the last election. But then there is a tendency on this site for people to assume that anyone who doesn’t agree with them is ‘right wing’. Which I think says more about them than they understand. Much as there is a tendency for those on the left not to want to, or perhaps they are not able to, actually debate the issues at hand.

I am not clear what point you are trying to make is, but my statement was factually correct. All I want to see is a successful economy, to allow the UK to invest in public services. We were promised this by Starmer and his government, but by the end of the year we will be 10% of the way through their term and there is still no plan has to how growth will be delivered.

So far, the OBR expects growth to be lower, inflation higher, unemployment higher and housebuilding to be lower than before they came into power. It’s not unreasonable to expect them to be able to articulate how they intended to deliver on Starmers goal of the fastest growing economy in the G7 when, during their time in power, we have gone from the fastest growing to the slowest. There have been record drops in the public and private sectors trust in the government, and frustration at the missed opportunity. It’s not unreasonable challenge this is it?

If Reeves fucks up then I think she can be judged. Fine. That is what happens to budgets and their writers.

But what is not okay is basically suggest that because she doesn’t have a penis, she would make the tea at the BoE.

I don’t think there are many women who would say this, because we’ve all had to make our way in the world against this kind of attitude. But while this dinner party witticism might be worth a guffaw in private if you don’t like Labour, it’s plain misogyny on MN.

A freeze that was only in place until then anyway. So not changing it is having a plan, then great 😂

I really don't care one way or the other.

I agree with most of what you’ve written here. I have been sadly surprised by the misogyny directed towards female Labour politicians by some MumsNetters whom I believe to me female.

However there are a number of usernames I don’t recognise attacking RR on this thread, so who knows?

Amen.

I worked at the Bank of England at the same time as Rachel. She was definitely not making tea. She joined the graduate programme, worked in Washington, and all the analysis and policy notes she wrote are in the system. This rumour is ridiculous.

Thank you, @Otherunichoices !

This is laughable. You don't know what an economist is.

Like, can you only call someone an economist if their masters was sponsored by the BoE?

How long do you think a masters should last?

You are showing us who you are. Not someone to take seriously.

And even that won't convince some people on here!

A masters truly in economics needs 12 months ,there is a dissertation at the end.

And I don't, do I?

Go on, tell me what an economist is?

I studied the subject for 8 yrs, so hit me with it

Right?!! sigh

Because you do not get to a high earner job responsibility to been left with nothing at the end of the month. There is not motivation to be a higher earner. It is just too much for nothing. It is not working for us and our nearest friends who have left or doing in the year or so. We speak freely without ideology preventing us to do it. It doesn’t mean others are not happy to do it. If it works for them good. Let see how this ends in a few years time? I personally came to the conclusion that most in this country are pinch fork ready to take your money by any means possible. Entitled and ignorant about the consequences of all of this. We should all pay taxes and live well and have some independence from the state. Governments are unreliable and a shower of shit at the moment and it will get worse.

This is utter tosh. I worked at the Bank of England back then. The graduate programme offered sponsorship of a masters in economics, full time, after working for two years. Each individual could choose whether to do it at UCL, LSE or elsewhere. Those two were the main destinations. The MsC in Economics at LSE is and was absolutely not a "commercial" masters. It is possibly the hardest, most rigorous, math-based MsC in Economics in the UK.

PPE in Oxford is structured like this. the first year you do 2 subjects in each of the three branches, In the 2nd and 3rd year you can choose to keep the 3 or pick 2. Most people pick 2. The finals cover year 2 and 3, and that is the content of your course. I don't know about Rachel, but most people who joined the Bank of England having done PPE had done 50-60% of Economics topic. The level is such that is is in many cases higher than a stand-alone BsC in Economics at many other unis, and it includes econometrics, game theory and advanced modelling.

The OP only has 2 posts to their name, it does make you wonder what their motive for starting this thread was.

This is utter rubbish. A retail bank is like your Santander down the high street , offering mortgages, loans and credit cards. They do not have their own compliance department!

Nobody is 'left with nothing' unless they have ruinously overextended themselves. Everyone has to cut their cloth. The people being 'left with nothing' are the ones on very low incomes, the ones who have to choose between heating and eating, the ones who worry where their next month's rent is coming from.

As for 'high earner responsibility' - not all high earners have difficult and responsible jobs. In fact, it's many of the lowest earners who have the jobs that keep things going - bin men, cleaners, hospitality workers, road maintenance crews. If hard work and importance of the role to society were really paid commensurately, the income distribution in the UK would look very, very difficult. Stop it with the 'woe is me'.

And I should add: the fact that you were sponsored by the Bank of England meant that your feed were paid. You still had to be accepted to UCL, LSE or any other uni in the same way that all other applicants.

That would rather suggest you didn’t know about what happened to Bank of Scotland thereafter HBOS. How old are you?

So a high street bank like Santander, which is a global business, does not have a compliance department? High street banks have head offices, which are part of the same business.

I'll give you an example.

I worked at an investment bank the time RR was at the retail bank. For the entire investment bank the compliance department was 2 men. And that's an investment bank , magic circle type firm.

I don't need to know what happened at hbos to say a retail bank will not have a compliance department, at that particular poiny of time in history .

Barclays certainly has its own Compliance Dept. The Chief Compliance Officer is Kristy Everett and she is a member of the Group Executive Committee.

Again, a brief search leads me to believe that other retail banks function similarly.

Her CV specifically says Halifax retail banking, so if you want to believe she was the entire compliance department go ahead.

People don't half spout shit on this forum about things they don't understand.

Barclays house not only the retail side, it has the corporate bank, and under the Barclays group you have the investment bank. So indeed you would have a compliance department for the entire umbrella.

She worked for the Halifax retail bank.

I’m struggling to understand why retail banking does not have regulatory or compliance requirements. It does.