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.

Great. How do you do all of that without scientists and engineers developing equipment. Cyber security specialists which prevent your systems being crippled and 1000s of life saving ops cancelled…oh wait. Many people in the STEM industry are leaving.

Terrific reply.

I don’t think anyone’s disputing that. But we do need some people to create wealth to pay for the public sector, and to improve the public sector we need money, which means we need growth. You can’t tax your way to growth. Indeed, you can’t even tax your way to constantly increasing expenditure.

We have been told that some of the increased spending requirements will be funded by growth, and us becoming the fastest growing economy in the G7. But, almost 10% of the way through their term there is no sign of a plan for growth. Indeed, growth has been revised down. Meanwhile, through weasel worlds of ‘not impacting anyone pay packet’ but actions that do impact people’s pay people in the private sector are worse off. At the same time, inflation is forest to increase, unemployment to increase and mortgage rates to remain higher than previously forecast.

It’s reasonable in a thread about the chancellor (back in my day, a degree in PPE stood for Poorly Prepared for Employment…) to raise the issue of growth, and try to understand what people think the budget has done for growth. Or indeed what the plan for growth is, as the businesses and wealth creators that need to deliver growth seem to also to have been quickly disillusioned, responding to the higher costs by reducing investment and jobs, or moving themselves and shifting investment offshore. It’s in everyone’s best interests to have a strong private sector, but that fact seems to elude some on the left.

Being blunt - many of those roles are low skilled, with low barriers to entry.

I didn't mention Margaret Thatcher as a comparison though - you did. Jeremy Hunt, who studied PPE at Oxford and then co-founded a multi-million pound business is arguably better qualified for the role than Rachel Reeves.

What are they going?

The Jeremy Hunt who was promising tax cuts if his party won the election? That Jeremy Hunt?

The same Jeremy Hunt who didn't inform the OBR of the government's spending plans?

This is well put. There's no point in driving down the private sector, it will impact the public sector after some time.

Mostly tax cuts later in the term though and he was rumoured to be cutting the overseas climate aid pledge in the short-term which I didn't mind.

Well of course during COVID then such people kept working and were key.

People have conveniently short memories

Perhaps I worded it wrong but the department responsible for capital modelling in the retail bank to quantify and manage credit risk over the banks range of products to ensure liquidity, so they comply with the BofE requirements.

North America, Middle East, Asia, Australia.

Not Watford…

Look, I'm not a fan of many things in the budget but I do think she did lie. I know this sounds a bit tenuous but the son of a friend of my mum's used to work with her at the BoE and apparently said she was an extremely talented economist.

Depends what industry. Finance, tech, etc. Switzerland, Singapore, Aus, USA other EU counties. In my company it could literally be any country in the western world. Offices everywhere.

*don't think she did lie that should read....

Meantime, a cold snap is coming.

Expect some headlines re the WFA cuts…

Retail banks do have large risk and compliance departments. They are also heavily regulated by the Bank of England so have to comply with those regulations. Risk & Compliance | Santander International

I think short memories over what damaging the private sector does generally.

Thank you, @Blossomtoes. He was also Chancellor during a good portion of thecliw growth period I have referenced above.

It's a bit disappointing that in a forum for women, we have a title falsely claiming that the first female chancellor lied about being an economist. When she clearly didn't. Instead of saying congratulations Rachel Reeves for becoming the first female Chancellor, someone is doubting she is an economist despite her degrees in Oxford and LSE and her working in the Bank of England!

More to do with brexit than the budget then?

His tenure as Health Secretary was als a big success...

Yeah she was an economist at the BOE. Sure she was. The closest she got was making their tea.

We have already had the "making the tea" witticism.