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Rachel from accounts has crashed the economy

1000 replies

Almn0etd · 07/01/2025 21:01

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.

OP posts:
Thread gallery
10
Pjyid · 14/01/2025 18:56

Can someone explain to me why the former DfT secretary was charged if she mistakenly told the police her work phone was stolen and then she corrected the record?

Tryingtokeepgoing · 14/01/2025 18:58

EasternStandard · 14/01/2025 18:20

You’d think so, but watching the laughing and disregard I really think they are too clueless to understand their failings

Can I ask when exactly the grown ups that we were assured would be in charge are going to arrive do you think…? 🤣🤣

MyNameIsX · 14/01/2025 19:00

Tryingtokeepgoing · 14/01/2025 18:56

It’s interesting to note that the retort to that from many on the left is to refer back to the economy under Bliar / Brown and how labour doesn’t always mismanage the economy. But what they conveniently forget when saying that is that that Labour government just stuck to the previous governments fiscal policies to start with. Brown cut public spending (though he massaged the books by using PFI) and increased taxes to reduce and then eliminated the budget deficit. In fact he turned it into a surplus. Public sector investment was actually less under Labour than the previous government for the first 3 or 4 years, despite an increase being a clear part of their manifesto. That Labour government was a master of managing the message and positive spin however, unlike this one. It also had some bright people in it. It started to go wrong for Blair / Brown in their second term when tax revenues fell sharply after the dot.com bubble of the early 00s burst, and the subsequent sharp drop in stock markets around the world. At the same time public spending increased, and the wheels fell of the waggon by the end of that term. Though, that took 10 years not 6 months.

A great assessment.

In addition, the Blair Govt existed in 97/98 during global GDP growth of almost 10% (following the Asian FC).

Dismaljanuary · 14/01/2025 19:03
  • apologies I think the word bandied about no 10 was ruthless cuts not brutal.

What a calamity.

They immediately went after a vulnerable group of pensioners (those on low thresholds) to prove to the world they meant business 🤔

Then they said that Britain is the place to invest but didn't give us any rock solid foundations of how and why expect criticism of people who love green spaces and attacking the as nimby who must accept massive bland estates over green fields.

Fields!! The basket of England, attacked.

Again like pensions there may be some method to the Maddness but it's sledge hammer approach.
School!!

What a head liner... We will go after those rich bastard with children in private schools..

Without fundamentally understanding that actually yes some rich bastard are using private schools but what about a great swathes of utterly desperate parents whose children have some sort of special education needs that cannot be met in our ridiculous education system??

Look at Bridget post on mn utterly blind, we are putting children first and doesn't address the reasons why children are school refuses why parents are desperate using tutors and private school.

Xxx billion to green energy great. However there is not enough concrete proof that it works.
Is it worth the risk, why the gong ho all in approach? Why not tentative caution.

This is not mentioning the trans issue, Rosie Duffield, the attitude to grooming rape murder gangs.

And over it all a huge blanket of blame and misery and pessimistic attitude.

Dismaljanuary · 14/01/2025 19:04
  • apologies for spelling I am not a Russian butt English is my first language it's a shot android phone
EasternStandard · 14/01/2025 19:05

MyNameIsX · 14/01/2025 19:00

A great assessment.

In addition, the Blair Govt existed in 97/98 during global GDP growth of almost 10% (following the Asian FC).

Edited

As painful and depressing as it is to watch them mess it up, I thought the one thing that would override the nostalgia for Blair Labour gov would be a Starmer / Reeves one

MyNameIsX · 14/01/2025 19:13

Pjyid · 14/01/2025 18:56

Can someone explain to me why the former DfT secretary was charged if she mistakenly told the police her work phone was stolen and then she corrected the record?

She pleaded guilty to a criminal offence, no?

Fraud, I would imagine.

Pjyid · 14/01/2025 19:14

MyNameIsX · 14/01/2025 19:13

She pleaded guilty to a criminal offence, no?

Fraud, I would imagine.

But why did they charge her if she was genuinely mistaken?

Anniedash · 14/01/2025 19:16

Tryingtokeepgoing · 14/01/2025 17:18

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

Edited

Louise ‘phones4me’ Haigh?

MyNameIsX · 14/01/2025 19:24

Pjyid · 14/01/2025 19:14

But why did they charge her if she was genuinely mistaken?

She pleaded guilty at trial, and was duly convicted.

Tryingtokeepgoing · 14/01/2025 19:26

MyNameIsX · 14/01/2025 19:24

She pleaded guilty at trial, and was duly convicted.

Badly advised was her explanation I think. Possibly an excuse the chancellor will be using soon ☺️

Anniedash · 14/01/2025 19:29

Minister for stamping out corruption resigns because of, wait for it……corruption. You couldn’t make this shit up.

Does anyone know if Starmer has unlocked the cupboard and let Lamey out. He seems to keep him
hidden in case there is another blooper from him.

Red Miliband is still at large, pissing billions up the wall.

Angela ‘oi scum’ Rayner is probably scrapping outside some pub somewhere. Then again, after politics, she could build a career as an estate agent. After all she knows a thing or two about buying and selling.

Wes Streeting is busy plotting to overthrow Starmer, hoping no one notices that they guys has never achieved anything. Bringing that winning streak to his new job.

Bridget Philipson is busy trashing education hoping no one notices that she is so unemployable that only her own mum would give her a job - that too in a charity.

This country is doomed.

Upstartled · 14/01/2025 19:34

I'm actually quite fond of Streeting, if only for having enough integrity to U-turn on the trans calamity and puberty blocking harms and actually kept his word on actually safeguarding vulnerable children from the gender juggernaut.

Dismaljanuary · 14/01/2025 19:37

@Upstartled I'm quietly hopeful about the direct referral scheme which I believe but ready to be corrected that Germany has.

Tryingtokeepgoing · 14/01/2025 19:48

I agree he’s the most intelligent of the front bench by far. And I suspect it’s that intelligence that gives him the confidence to recognise when he’s wrong and change tack.

TheNuthatch · 14/01/2025 19:50

Tryingtokeepgoing · 14/01/2025 19:48

I agree he’s the most intelligent of the front bench by far. And I suspect it’s that intelligence that gives him the confidence to recognise when he’s wrong and change tack.

Agree 👍

Papyrophile · 14/01/2025 20:07

Streeting is, IMHO, the likely future leader for an electable Labour party. He is the only member of the Front Bench who looks close to mastery of his department, and possibly more importantly, the only one to cherry pick fights he can win. If you can do that with the NHS, then he has a fighting chance of broader success.

But quite seriously, I don't think he'll get to Leader without a bloody knuckle fight over cutting all benefits across the board, including pensions probably, by 10-15%. Which, considering the UK has amongst the lowest pension rates in Europe, is unlikely to win him any votes from seniors, who remain the most assiduous voters.

Tryingtokeepgoing · 14/01/2025 20:18

Papyrophile · 14/01/2025 20:07

Streeting is, IMHO, the likely future leader for an electable Labour party. He is the only member of the Front Bench who looks close to mastery of his department, and possibly more importantly, the only one to cherry pick fights he can win. If you can do that with the NHS, then he has a fighting chance of broader success.

But quite seriously, I don't think he'll get to Leader without a bloody knuckle fight over cutting all benefits across the board, including pensions probably, by 10-15%. Which, considering the UK has amongst the lowest pension rates in Europe, is unlikely to win him any votes from seniors, who remain the most assiduous voters.

We certainly have a low state pension by EU standards, but income from private and occupational schemes is a relatively large part of retirement income in the UK compared to the rest of the EU. For those with occupational / private pensions a cut of 10/15% in the state pensions would not be a disaster, and for those without then pension credit would pick up the slack…. But, it’s a difficult message to articulate in a soundbite.

I agree that Streeting is the only member of the front bench with any political nouse, appears to be across the brief and is intelligent. Intelligent enough not to want the leadership any time soon I wager! But, give it a couple of years for the fall out of the last 6 months to settle and I would say he’s in with a shout. But, I worry there’s not the depth of talent to allow him to build an effective cabinet…

Dismaljanuary · 14/01/2025 20:26

Rr today batted off critics re her going to China.

Ie going to an unpaletable country

So what is she doing about the USA?
Is she going to them?

MerryMaker · 14/01/2025 20:33

Tryingtokeepgoing · 14/01/2025 20:18

We certainly have a low state pension by EU standards, but income from private and occupational schemes is a relatively large part of retirement income in the UK compared to the rest of the EU. For those with occupational / private pensions a cut of 10/15% in the state pensions would not be a disaster, and for those without then pension credit would pick up the slack…. But, it’s a difficult message to articulate in a soundbite.

I agree that Streeting is the only member of the front bench with any political nouse, appears to be across the brief and is intelligent. Intelligent enough not to want the leadership any time soon I wager! But, give it a couple of years for the fall out of the last 6 months to settle and I would say he’s in with a shout. But, I worry there’s not the depth of talent to allow him to build an effective cabinet…

I am planning to stop work early and cashing in my private pension. I am not working until 67 only to get my state pension fucked up even more. Read enough threats about this. I won't be the only one.

dottiehens · 14/01/2025 20:33

FloralGums · 07/01/2025 21:34

The Tories left the economy in a disastrous state. Labour are trying to fix years and years of Tory financial problems.
They also have to fix our public services which were decimated by the years Conservative rule.

Would you pls explain how are they fixing the financial problems or economy?

LostittoBostik · 14/01/2025 20:34

It literally IS dominating the news cycle.

It's been 7 days. It's still the lead story on most outlets including BBC.

I really don't know what you want OP.

dottiehens · 14/01/2025 20:42

In short like in any backward country or third world. Only the ones in government positions are the only ones who will be ok. What an embarrassment for the U.K.

EasternStandard · 14/01/2025 20:45

dottiehens · 14/01/2025 20:42

In short like in any backward country or third world. Only the ones in government positions are the only ones who will be ok. What an embarrassment for the U.K.

Edited

That’s probably why Rayner and Reeves are laughing at all this

They feel secure no matter what

Papyrophile · 14/01/2025 20:48

I can't remember which of the multiple threads I am following it came up on, but there was one that suggested to me that Labour could have to follow the Argentine solution. In essence, cut all the safety nets. I was tempted to say so, but restrained myself.

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