Rachel Reeves is already making a mess of her Chancellorship

It would be great to think that Rachel Reeves might go down in history as both the first woman to be Chancellor and as a great Chancellor. The first is hers by right. But she is going all the wrong way about claiming the second title.

#uk #money #economic #politics #bank #government #tax #money #wealth

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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[leehumphries]

Reeves doesn't represent the UK she represents the City of London. Thatcher was her hero as she declared.

[enderby]

Labour proving that the plight of the less well off in society is of no concern to them.

[bryndundas]

She has shown she is out of her depth on big issues, as the whole Starmer government has shown on Gaza and Brexit.

[kr]

She comes in with exactly the same ideology as Osborne or Hunt and will apply the same failed ideology while simultaneously believing that she is value free and objective.

[timothybadgett]

Everyone knows Rachel Reeves will fail except Rachel Reeves. This is madness.

[iancooketapia]

And when some folks called Stamer's Labour Red Tories.... they didn't believe us.

[theotherandrew]

Reeves simply follows standard neoliberal economics and PFI just an deceitful as New Labour.

[MrGavinBoyd]

PFI. Light touch regulation of the banks. What could possibly go wrong? 🤷🏼‍♂

[roddychristodoulou]

Why can't people understand it's the British establishment telling Reeves what to do .

[roberttaylor]

Sounds horrific. It's the opposite of what we need.

[paulsmith]

Deary me, So reeves appears to have decided the best way to grow the economy now is to gamble on supporting financial services expansion through looser regulation… exactly what happened during Blair era and left the Uk badly exposed to a global financial crisis and then followed by 14 years of Tory rule… 🤦‍♀️
Deeply concerning times ahead under this new govt!

[cliveramsbotty]

It's quite a stretch calling it a 'Labour' government

[jonlister]

Why do WE always end up paying the price? WHY? What is wrong with these people? I am getting more and more disillusioned with the calibre of our politicians; idiocy and/or corruption seems to be the only thing they're good at.

[rogermanvell]

Staggering that they haven't learnt what a terrible deal PFI's have been historically.

[winthorpe]

Socialism for the rich, capitalism for the poor. Amazing how PFI risk ends up being socialised. If fixed price contracts are agreed the contractor just goes bump once they have feasted on the public purse.

[waikanaebeach]

The idea that they city will make the rest of us benefit is the classic trickle down economics!

[howardsimmons]

So why is she going down the PFI route then? Doesn't she realise it will cost the government more money?

[metalicminer]

Another ex Bank of England employee, and she said the BOE was independent. What a hypocrite.

[eugeneaustin]

she follows past ideas because she hasn't any of her own you can see that in her speech plus the lies.

[colonelcrackerz]

Ive said it once Ill say it a million times: Starmer’s Labour are Tories in red ties