Tuesday, 26 November 2024
Game Over
Chancellor Rachel Reeves promises she will not raise taxes again
The chancellor insists there was no alternative to her policies, but says there will not be another budget like it.
There will be no more tax rises or borrowing for the duration of this government's term, Chancellor Rachel Reeves has said.
The personal credibility game is over for Rachel Reeves. She played the game, bungled it, failed to hide her lax standards of veracity and lost. For Rachel Reeves the political credibility game is over.
She may as well sing us some Christmas carols or recite poetry instead of making more promises.
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7 comments:
Reeves said that she would not go after business again....
"I'm not coming back with more borrowing or more taxes. And that is why at this budget, we did wipe the slate clean to put public finances and public services on a firm footing,"
Always listen carefully to the words said and, more importantly, words not said. The statement leaves open a different Chancellor producing a budget of more borrowing and more taxes. Had she said "This government..." then that might have been more reassuring, even if it upset Two Tier Free Gear Kier Starmer Farmer Harmer (TTFGKSFH).
But also there's an anticipation that at any time in the future a 'new hole' in the could be discovered in the economy (not Labour's fault of course) and the tax and borrow machine stoked to run even hotter. "Not my fault guv, a big boy did it and ran away".
decnine - oh dear, time to sell the business and move abroad.
DJ - yes it leaves the door open. Although she may be conceited enough to see the Chancellor's role as hers for the duration, it seems unlikely. She could even see herself as a future PM, but that seems even more unlikely.
If she wants to remain in post for as long as possible (I.e. to not add fuel to the economic fire and the in-fighting which will inevitably consume her) she ought to keep clear of all further promises. Just keep a low profile, act as if the policies are working, and say that economists are too stupid or biased to see the truth. It might give her a few months, depending on the rate of our decline.
Sam - yes, a low profile for few month may help, but the freezing pensioner stories could still trickle out. She has pinned a "Blame Me" notice on her back and they will because they should.
"say that economists are too stupid or biased ..." Now we know she's not an economist she can say that.
dearieme - good point, maybe that's why she quietly switched to "Retail Banking".
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