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.

Oh were you now, thanks for standing up for us harmless foreigners.

My pleasure.

The thing you don’t like about the analogy, is that you don’t understand it / or doesn’t suit your argument. It is not flawed.

At the end of the day whether she changed her LinkedIn or not isn’t top of my radar.

What is though is that this country desperately needs growth which comes from the private sector.

Her budget harms business growth which in turn harms the economy and it’s also inflationary.

You absolutely cannot tax your way to growth. You need the private sector to provide the growth in investment, jobs, pay increases, corporation tax etc. Stunt that at your peril. Wealth creators don’t come from government, they come from all forms of private companies large and small, sole traders and large plc corporations. They are the ones that drive the economy it’s just a fact.

oh yeah, anyone who says anything you don’t like, is a bad foreign faith actor, a ‘bot’, a gammon, a fascist, far right, thick, Brexity, any other names you want to.

It shows narrow your world view is that your imaginations extends only as far as to consider these people as bad actors.

Keep going. This is exactly what happened in the US. Call people names, call them conspiracy theorists, call them foreign actors. The name caller are laughing on the other side of their face now.

Income tax payments are concentrated amongst those with the largest incomes. The 10% of income taxpayers with the largest incomes contribute over 60% of income tax receipts. Source: Commons Library

The socialists on here want us to pay more. Nope, not going to happen. I will avoid, reduce, mitigate to the fullest possible extent.

The socialists are the true rentiers - parasitical off the hard work of others.

Perhaps, you just don't really know what you're talking about?

Do you know why capital modelling is done ?

It came about due to the GFC of 2008/09 banks had to ensure they had enough capital to cover their losses.

Liquidity ramped up in post 2010, because of the GFC.

And really its the Basel accord that dictates capital not the BoE.

There are reporting requirements to the BoE. But that's about it.

A retail bank of Halifax will not be doing this handy work.

RR was there 2006-2009, all these regulatory requirements were rather flimsy back then or in fact none.

But I think it’s fair to say that your claim that the reason people feel worse off is because all of the profits have gone to shareholders is wrong.

Yes, that assertion is clearly unfounded. And, frankly, one of the reasons FTSE 100s pay generous dividends is to protect their shareholder base. Look at the performance of the FTSE 100 to the S&P 500 over the last decade and the need for dividends is very clear.

Ownership of U.K. equites by pension funds and UK investors is a tiny proportion of their historic share meaning that ownership by overseas investors hit a historic high of c. 60% in 2022 (source: ONS).

Perhaps we could change the dividend or tax regime on those too and end up with even less investment in the UK? The UK fund managers I work with were desperate to see something to encourage U.K. investors to hold U.K. equities.

Instead they have a raft of measures squeezing corporate profitability and making it even harder to attract investors away from the Magnificent Seven. It's the anthesis of stimulating growth in the private sector.

Goodness that's rude. From what I've seen on this thread it's not @cardibach that has a problem understanding.

So you want to challenge a potential untruth from the chancellor, which has been debunked several times by people here, but you are happy to stick with the untruth of your thread title.

Thanks for confirming. It really was never about actual facts, was it?

Fake indignation.

Really, must we?

Do you ever start a thread?

If not, why not?

Ah yes, the 'it was just a joke' defence, deployed by the unpleasant the world over and usd to shut down criticism of any clearly unacceptable utterance. I see you.

What an odd question. Do you?

What would I need to start a thread for? There are plenty already.

Banter, innit? Not rude, bullying, xenophobia, racism. Like when it's men on women it's not abuse or anything like that. Just banter.

That’s a no then.

Interesting.

Noted.

Great. Not sure what you think the importance of that is, but hey maybe you can get a brownie badge for starting threads.

Now that's an interesting question @DuncinToffee

Is the suggestion that you can only be a valid MNer if you start threads? because that would eradicate a large proportion of posters and readers and probably isnt something MN wants to encourage.

And do you exist at all if you lurk but never post?

Presumably all the lurkers are Dutch and know their place.

So they ve not yet left? its a figure derived by a right wing think tank, with of course, no agenda at all?

How does the UK compete with 0% tax regimes? such as the UAE? the UK has more, proportionately, more millionaires than other countries and our tax rates are very competitive compare to Western European countries.

The only reason the vast majority do not pay so much income tax, is that for the last 14 or so years, wage rises have been kept very low, meanwhile the wealthy have seen their wealth sky rocket.

Just so we are clear.

Are you stating that?

We don't have a socialist Government, so no need to worry your head about what the "parasitical off the hard work of others" socialists desire. They are not going to get it.