Rachel Reeves - potential successor?

[GroundZero]

Apparently, the Tories have launched a petition www.sackreeves.com urging the PM to sack the Chancellor, after she was accused of misleading the public over the state of the UK’s finances.

If she is sacked, who could/should replace her?

You are happy that she/ they lie? Do you think that is acceptable but we’re happy to criticise the Tories when they did?

OMG 😦 really is infuriating.

It is.

I am genuinely perplexed that some posters appear unable or unwilling to accept Labour’s duplicity.

When will the penny drop? What will it take?

@GroundZero, they are so traumatised by the past 14 years, they have to believe, like disciple's, that Labour will deliver.

They are blinded and blinkered! This government is lying. No growth, no investment, low expectation and aspiration.

She’s doing a good enough job to rattle your cage.

The Tories can set up as many petitions as they like. They don't have a say.

What an utterly juvenile comment.

Disrespectful to those who are suffering real consequences, too.

Funny you say that, because look how Labour shifted their position on immigration, under pressure from Reform, the Tories, and public opinion.

I will put good money on the same thing happening on welfare, too.

This. It’s outrageous- is anyone going to believe her next time she says there is a black hole? She needs to go and Starner signed off on this also knowing that it was a lie

Yes, Starmer has now been implicated, which escalates matters.

Starmer will not hesitate to throw Reeves under the bus.

Odds of Reeves going next week? They must have just shortened.

Amber Rudd (Con.) and ‘there is no magic money tree’ was equally an egregious lie. She was also equally pushing gender woo ideology.

Isn’t the real issue how do we prevent Reform taking over without having to ‘tactically’ vote for liars and lunatics?

It’s a bloody awful situation.

Because the Tories did such a great job, didn’t they?

Labour won the GE because of voter disenfranchisement with the Tories (after 14 years).

Reform are polling to win the next GE because of voter disenfranchisement with Labour (after 16 months, actually prior).

Labour and their voters will only have themselves to blame for a Reform Govt.

I thought the thread was about whether Reeves will be replaced rather than policy decisions? The Tories have no sway over whether Reeves stays. Neither does the not-so-fragrant Farage.

Did Badenoch sign the petition?

Thankfully there is always a tweet

https://x.com/Keir_Starmer/status/1513863475759566853?t=ToOxyrxqKTVdKCswV1cBPA&s=19

Paul Johnson, a former head of the Institute for Fiscal Studies (IFS), said: “I think it [her November 4 press conference] probably was misleading. It was clearly intended to have an impact and confirm what independent forecasters like [the National Institute of Economic and Social Research] and the IFS had been saying. It was designed to confirm a narrative that there was a fiscal hole that needed to be filled with significant tax rises. In fact, as she knew at the time, no such hole existed.”

Oh, but they do.

Starmer is a weak man, masquerading as a strong one. Public opinion is febrile, after being lied to, gas lit, and fiscally penalised. The media are almost united in their condemnation of Reeves.

The bond markets are volatile.

The stage is set.

Reeves needs to be gone before the markets open on Monday morning. You simply cannot have a Chancellor misrepresenting a country’s finances on such a huge scale. You end up in a position where traders/analysts/investors can’t accurately assess your risk, which sends them into a blind panic. Darren Jones is probably the best they’ve got - albeit relatively junior. Torsten Bell would be a complete disaster.

Ah yes, the permently worried YC, who is so keen on talking about Doing The Right Thing, and found pretty swiftly that it required slightly more skill when in government rather than just carping from the opposition benches.
I honestly think Labour got so carried away with their own 'popularity' when they won, that they honestly thought they were invincable.
The grown-ups in charge indeed. I wonder if anyone who posted the gushing nonsense the day after the election might tell us if they still feel the same 17 months in.
The Tories Were/Would Be Worse only gets you so far.

Agreed.

Watch how gilt yields open on Monday.

Reeves tried to play the bond market card previously - rather desperate.

What kind of response is that? She is not rattling anyone’s cage, whatever that means.

Rachel Reeves is the second most powerful minister in the current government.

Both Reeves and Starmer are like middle managers and in my own work experience,
their presence amounts to annoyance rather than exerting anything that amounts to radical change or real power.

The stage is set for what? That sounds rather over-dramatic. Maybe Reeves will go, but that will be Starmer's decision. Or hers. The government is not going to fall though, however much you hope it will.

I would happily settle for a government in name only - a zombie administration, unable to inflict any more economic vandalism.

If Reeves goes, Starmer’s tenure will be short.

If she had any decency she would resign. In any other industry this would be a sackable offence. What was it Labour said that they would bring to government? Honesty and integrity. How’s that working out?

It seems Mel Stride has asked the Financial Conduct Authority to investigate potential market abuse. He’s right to do so, if the CFO of a listed company falsified their accounts they would potentially end up in prison. I can’t see how it’s much different falsifying the accounts of an entire country.