There is no point in the Rachel reeves Mansion House speech today unless she has it cleared by Mr Burnham. The announcements she makes could b e cancelled next week when and if a new Chancellor takes up the post, or sidelined in the confusion and demands for new initiatives as a new Chancellor tries to grapple with the job.
The speech has been well heralded, with briefings telling us what will be in it. The centrepiece we read will be easier access to commercial loans for smaller companies. The Chancellor is right to realise that smaller companies have been badly hit by her blizzard of extra taxes, with NI on jobs, business rates on premises and IHT on passing on a family business. She should be able to see that smaller and medium sized businesses have struggled to make profits, cancelled new recruitment, and in some case have had to get rid of staff to try to make the books balance. Encouraging them to take out more loans to pay running costs or to help survive is bad advice. What they need is some relief from the tax attack, and some boost to their turnovers from a more prosperous country having more money to spend on the goods and services they supply.
The Chancellor may be so ill informed she thinks smaller companies need easier access to cash to expand. In order to expand you need a growing market which she has done her best to stifle by taxing people with a bit of money to spend. You do not expand your business until it is profitable and generating cash, and has potential customers to serve that you cannot fit in to your existing capacity. The Chancellor needs to get to know the realities of her low growth bloated publlic sector approach.
What small businesses need to expand is more self generated cashflow. Cash generation comes from more turnover and from realistic costs. It comes from generating profit. The problem is Labour still seem to see profit as exploitation or as something the state should confiscate. They do not see that the main use of profit is for a company to spend on expansion. A company can afford to borrow more for new property or equipment if it is generating enough cash to pay some of the costs. Try doing it all on borrowing and the company will struggle to pay the interest, let alone repay the debt when due.
July 14, 2026
How disgraceful that some in Farage’s Reform UK are attempting to obtain the maximum publicity from the tragic death of Ann Widdecombe, including photoshoots pre-organised with the media
The outrage that this has caused among Ann’s family and friends is palpable. For shame.
July 14, 2026
There is no point in the Rachel reeves Mansion House speech today unless she has it cleared by Mr Burnham.
Let’s put it another way, There is no point in Liebour
July 14, 2026
From Wiki – Reeves cites the influence of her father on her social-democratic politics and those of her sister Ellie Reeves, also a Labour politician. She recalls how, when she was eight years old, her father, Graham, pointed out the then Labour Party leader Neil Kinnock on the television and “told us that was who we voted for”. Reeves says she and her sister have “both known we were Labour since then”. She joined the Labour Party at the age of sixteen.
Perhaps indoctrination of immature young minds into mad religions like Socialism and the CO2 devil gas and other religions should be considered a form of child abuse? Although she read PPE Oxon she got four As in Maths, F Maths, Economics and Politics so should know better than her doom loop lunacy. A shame her father or teachers did not introduce her to sensible economists like Milton Friedman to explain reality to her rather than encourage her to follow dire politicians like Neil Kinnock.