Rachel from accounts has crashed the economy

[Almn0etd]

So borrowing costs are now even higher than when Liz Truss was around.

The economy is well and truly cooked and in a far worse shape now that Rachel accounts is in charge.

Why isn’t this dominating the news cycle? Because it’s Labour.

The Tories were atrocious. Labour are an indescribable disaster for this country, surpassing the lowest of the low bars. Cue Labour apologists who don’t mind being made poorer and having the country destroyed, as long it’s Labour doing it to them.

@Pjyid , We are better at many professional services if there is fair competition. The EU has rules that stop us competing 'over there'. Insurance and Investment Services are made more expensive. They also refuse to recognise some of our qualifications. Many rules have been toughened since 2018.
We are still good at high tech mechanical work, Aircraft, high performance cars and high performance EVs. These keep a pool of talent that can be redeployed as opportunities arise. But again there are artificial barriers to trade to protect the EU. These should be challenges at the World Trade Forum. Some airliners are flown to USA rather than Europe for service.
Milliband said they would be generating Hi Tech employment in the approach to Net Zero. That is not happening yet. Solar panels are made by slaves in China that is why they are cheapest. Control Systems are made installed and operated by German companies like Siemens.

The economy was left to them heading in the right direction by the last government. Labour turned a corner very quickly and started it heading south again.

How long do you expect we'll have to wait before we see them turn another corner, in the right direction this time, and see even the smallest greenshoots of recovery?

https://www.theguardian.com/business/2025/jan/11/rail-passengers-disruption-avanti-strikes-every-sunday-until-june

The minimum service level could have ended the disruption if train companies just simply enforced it

In this environment, you will be hard pressed to find much sympathy for those who threaten strike action, after they have just been the benefit of Labour’s wage settlement largesse.

The wider public’s patience is finite.

This is the start of things to come. The unions have their friends in power now. It will be like the 70s all over again.

To be fair, I think the Train Manager (Conductor?) strike is different to the drivers strike. Though, it was entirely predictable that if you cave in to one the others will follow in quick succession…

I think the hackneyed phrase ‘read the room’ might be applicable to many of those who would consider industrial action at the moment, especially in those sectors such as the rail network et al.

The grown ups are back in charge apparently. We have Rachel Reeves looking after the economy, and Tulip Siddiq keeping a watchful eye on corruption.
What could possibly go wrong!

Tulip has just pulled the pin….

Bless.

I think she must have read my post 😂.

One down ......

I don’t usually watch or listen to HoC these days as too painful but I clicked on a clip on a news site to see Labour laughing and carrying on with bluster in spite of their dire economic incompetence

It’s concerning they don’t get the issue and will just carry on

It certainly looks that way Eastern

Reeves and Rayner laughing 🤦‍♀️

I was recently compelled to take a break from MN, but on my return, what is starkly apparent is that the usual Labour apparatchiks have become a lot less vocal. One wonders why.

I hope this post doesn’t reanimate them, although its increasingly difficult to see which debating line they would take.

Mumsnet was much better back in the day it is just boring old political scoring now!

Tbf I think there’s a thread still very pro Starmer, Reeves and co.

Re pp when Reeves and Rayner laugh about this they may as well laugh at the electorate who will bear the brunt of their inability

Note the date of my post and then the date of the Guardian article. 🤷‍♀️

A corruption minister who has left under a cloud of corruption, a safeguarding minister refusing calls for a safeguarding inquiry supported by 77% of the population, an economist chancellor who is actively hobbling the economy...I can't imagine why Labour's popularity is tanking harder than the pound. 🤷🏼‍♀️

In another week, they'll be able to blame Trump for everything instead of taking responsibility for their own economic incompetence.

Indeed… your post was on the 10th at 23:03, and my response at the time was that they were already talking about more strike action. Less than 7 hours later, on the 11th at 06:00, news of a strike is published in the Guardian!

Anyway, this’ll be knocked out of the headlines by the latest resignation…

I can't see this cabinet making it to the end of the year.

Let’s not forget the transport Minister’s resignation for an undisclosed fraud conviction…Louise Haigh? And of course the multiple examples of freebies being accepted by the whole front bench. And now Starmer and Reeves laughing with bank bench MPs in a discussion about the state of the economy

They seem to lack even a semblance of political nouse, or even recognise that that matters

Can I add labour MP Jas Athwal to the list of wrong uns please.

Please do, nobody sane would argue with you.