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.

Yes.

The BOE confirmed she worked for them for six years, not ten - her LinkedIn page corroborates.

So, she cannot possibly have been an economist at the BOE for ten years unless she had also
mastered the time/space continuum….

The economist part, well…

Er, thanks! I guess it's not in your interest to suggest you work on it. I mean, imagine if titled were fact checked.

”Has been straight” is not same as saying

“has been honest” or “”did not misrepresent”

IMO … words matter

‘Labour could force pension funds to invest more in UK assets’

Jesus wept.

First they crush returns by loading on tax and regs, then when capital takes flight, they bully funds to make unproductive investments.

The UK is becoming a banana republic minus the sunshine.

What a joke.

Fair cop. She wasn’t precise in a fluff piece. I’d agree maybe she should have been. She is an economist though. She did work as one for the BoE. So the rest is details.
Meanwhile the government sticks to its pledges quite honestly: https://pledgeprogress.co.uk

Not so fast.

She corrected her CV only after media scrutiny and after she was made chancellor and prevailed over a budget.

Dont try to minimise this.

I’m not minimising, I’m saying it’s a load of fuss over very little. Which it is.
She was an economist at the BoE.
She worked for HBOS, almost certainly using the qualifications and skills of an economist, otherwise why move there?
if she said she was an economist when actually she parked the cars for economists, that would be news. This isn’t. You only think it’s is because you don’t like her or the government.

Dont presume to know my mind please.

Better to adhere to the facts.

Lets hope her attention to detail is better when designing and implementing policy.

FFS stop with the scaremongering!!

Reeves has specifically ruled out telling funds how or what to invest in.

But still you persist.

FFS.

Bone up - Emma Reynolds has said she will
consider mandation.

Be serious please.

Oh is she the new chancellor now? Have you even bothered to read the fT article on what she said??

What a phrase! are you a man?

The facts according to the FT:

Emma Reynolds, UK pensions minister, has left the door open to forcing pension schemes to invest more in British assets if reforms fail to drive savings into domestic infrastructure and companies.

The government announced last week it would create a series of “megafunds” to steer more of the UK’s £1.3tn defined contribution and local authority pension industry into productive domestic finance.

Reynolds said that while ministers had not taken steps to force pension funds to invest in British assets, it could reconsider “mandation” if the measures did not boost pension investment in the UK. “We’re not talking about it for now, but let’s see where we get to,” Reynolds said, in an interview with the Financial Times. “Investment in pensions is, as you know, very generously provided for in terms of tax relief.”

Reynolds added that a decision to take further measures to push a higher allocation to the UK would be “left to the second bit” of the pensions investment review.

Full article here:

https://www.ft.com/content/b92011cf-5c81-494a-a999-baba0a5a5fb7

What a phrase.

Are you a lady?

The ‘if’ is a when.

Shall I explain why?

Making things up now to suit your narrative.

Can we be serious for one moment please.

This is very important for anyone with pension fund investments.

Rubbish as its only for Loc Gov managed funds, a small proportion of all funds.

Yet again you seek to scare and sow fear.

If @ChazsBrilliantAttitude is still around and has a view on what Reynolds has said, I'd be interested to hear it. They seem to be able to explain things without belittling and patronising other posters.

Yes, im guilty of biting as another post said of themselves!

Some people have a tenuous hold on facts I'm afraid. Following Johnson's model of chucking out a lie in the hope it travels faster than the truth.

There are subsequent posts which more accurately reflect.

And of course some people only read posts that agree with them, even when those posts are shown to be false.

Didn't see what you wrote in reply to get a deletion.

It will be several years before there will be any change in this new Pensions policy, affecting Loc Govt only funds, which is to consolidate & make more productive investments, non of which have to be in the UK, only that they believe some will be, as per the Tories ideas on this.

There are no subsequent posts reflecting any new policy changes.

You are just making things up.

Labour has a problem.

Fund managers have a fiduciary duty to their members. There are no insuperable barriers to investing in infrastructure and absolutely no barriers at all to investing in UK equities. The reason fund managers don't do it is that the correctly perceive it as a rotten idea. So the government are laying the ground for coercion.

We see it in the statement “Investment in pensions is, as you know, very generously provided for in terms of tax relief.” This is a very slippery slope.

Write to your MP reminding them it is not their money.