Rachel Reeves yesterday in her speech set out reasons for her poor performance. She is still claiming the problems stem from her inheritance, but she took over with 4% unemployment, now 4.8%, with 2% inflation, now 3.8% and a faster growing economy in the first half of 2024 than since. Most commentators see the damage was done by the run up to her first budget, hitting confidence by threatening all sorts of taxes, followed by a tax raising budget. Targeting extra tax on rich people, on companies, on small businesses , farms and above all on employing people was a sure fire way to undermine confidence, reduce new jobs and lead to closures of plants and shops and loss of jobs.
Food prices surged as shops struggled to meet the new higher wage and property bills. Energy prices surged as Mr Miliband’s enforced transition turned out to be dearer, not cheaper. Jobs dried up, and many young people now languish on benefits, unable to get their first foot on the employment ladder.
She says the poor rate of productivity growth is not a puzzle. I agree with that. She says it stems from years of underinvestment, Brexit paperwork and austerity economics. Wrong on all counts. The public sector collapse of productivity from covid was not owing to too little public sector investment, but to bad management. Just look at the wasted investment into the Post office and NHS computers, and into HS2. Our trade went up, not down after Brexit, with soaring services trade helping boost our economy. Far from 2019-24 being years of public sector austerity they were years of large increases in public spending and public recruitment, which lay behind the falls in productivity as too many people achieved too little extra.
So why is the productivity slowdown no puzzle? Because it results from the UK’s mad dear energy policy, closing high energy using factories and shutting down our highly productive oil and gas industry prematurely. It is because the public sector has greatly expanded its employee numbers and spending levels without delivering more service. This started after covid under the previous government and was clearly visible when Labour took over. Instead of demanding better public sector productivity they made the problem worse. They recruited more and boosted pay considerably without requiring smarter working. They intensified the closures of oil and gas, preventing any new wells being drilled or new investment being put in. They pushed up energy prices more in a dash to introduce more high cost renewables. The rate of factory closures speeded up. The ever higher energy taxation drove two oil refineries to close and two big olefins petrochemical plants to shut. No wonder productivity struggles as these are the capital intensive businesses that boost the national average productivity figure. People who serve in bars and restaurants work hard and are much needed but their labour productivity, the amount of revenue they earn for their business, is much lower than the revenue earned by the oil production worker or the refinery staff in very automated settings.
To get the UK back on the road to higher productivity, faster growth and higher living standards we need lower energy prices to price industry back into world markets from a Uk base. We need lower total public spending and borrowing to start to bring our very high long term interest rates down. Rachel Reeves drove those up well above Truss levels in her first year by spending too much. She is wrong to say our high rates are the result of international markets. Our rates have gone higher than others thanks to a very bad budget. She recognises the need to get more people into work to cut the benefit the bill the right way. The trouble is without other spending reductions and some tax cuts on investment and business she will not get all the jobs it needs to bring that about.
She needs to redouble efforts to help the public sector work smarter. Bonuses need to be aligned to doing things better and cheaper. There needs to be an immediate staff freeze on all external recruitment apart from uniformed staff, medics and teachers. That way the organisations can slim as people leave, amalgamating roles and promoting existing staff into more rewarding and demanding positions.
November 5, 2025
Rachel failed to get a licence to let her home, ie broke the law, but the Council chose not to fine her.
These are people who have been taught that there is no logical sequence of action and result.
Ergo she can’t ‘fix’ anything because she does not believe in reality.
I see the Telegraph advocates ‘getting rid of all dogs’ because one bit a baby.
Do they think getting rid of all aliens is justified because several kill natives?
Or is this just another step to make Britain fit for Islam?
November 5, 2025
Reeves clearly (in error/negligence) broke an appalling law that should never have existed and the Tories should have killed on 2010 when they came into power. But Reeves was also very much in favour of this appalling law.
Suzanne Moore rather than the Telegraph. Clearly is we have dogs they will occasionally kill, if we have buses, cars, trains, horses, operations, skiing, jobs, cycling… they will do likewise. Such is life we can just try our best to lower risks when this is realistic. It is a cost benefit analysis.
We should of course never have pushed Covid Vaccines at people these were always likely to do far more harm than good and they duly did. About 10 death a year average in the UK caused by dogs. Covid Vaccines well over 1000 times more dangerous and not all the long term problems are even fully clear yet.
November 5, 2025
Everything Blair did should be repealed as David Starkey sensibly puts it in his video.
November 5, 2025
@Lifelogic +1 – then look at ‘all’ the losers that followed him. They every single one and their collective cabinets and parliaments had the power to repeal all his nastiness against Society and the Nation – as they didn’t the only conclusion is the all agreed 100% with Blair. Or they were to lazy and are just part of the countries ‘freeloaders’ that drag the Nation down
November 5, 2025
This document from a daft lefty English Graduate (Professor Becky Francis CBE, Chair of the Curriculum and Assessment Review) and education “expert” instructed by the surely evil Bridget Phillipson. It deserves a post. Essentially they want to indoctrinate young minds into their new left wing deluded religions like Climate Alarmism, all “Vaccines” are good even if the stats. for many say the complete reverse, diversity, DEI, big government… “Climate Crisis” appears 5 time “Climate Change” 26 times, “diversity” 13 times, “misinformation” and “equality”15 times… The document is a word salad of endless misinformation – just like this government, Ms Reeves the BBC, nearly all politicians and their various manifestos of lies!
https://assets.publishing.service.gov.uk/media/6908f7a3c0dc8f12484175e5/Curriculum_and_Assessment_Review_final_report_-_Building_a_world-class_curriculum_for_all.pdf
November 5, 2025
More education manipulation and dumbing down, with more change yet again, completely unneseassary when so many students cannot do simple metal and written arithmetic, read satisfactorily, or even speak the English language properly.
Life was so much more simple 60 years ago when I left school, we were taught what was relevant for a life of work and self sufficiency.
If you wanted to gain knowledge in any other interest or speciality, then you studied for it in your own time.
Students had a range of simple examinations which they could take RSA, GCE, O and A levels, which had a real meaning that all teachers and future employers could understand.
Now total and utter meaningless complication and confusion, just like anything the Government gets involved with.
November 5, 2025
The Telegraph published her. How many of your letters does it publish? like The Times and the BBC it’s now a national disgrace.
November 5, 2025
Well spoke Lynn. That sums up government thinking. Murder people not terrorism but get bitten by a dog, national emergency.
I do believe we’ve reached the tipping point with Milibrains slash and burn policies. Slowly it is dawning on the dimwits in Westminster that shutting down our oil and gas industry by swingeing taxation and buying sane products from Norway extracted from the same oilfield is perhaps not the cleverest policy.
The public sector is a completely different story which only Farage has grasped. Chronic overstaffing to make up for loss of productivity is not the answer. Getting rid of at least 50% of the headcount would concentrate the rest to do better.
Of course with this bunch of chancers incharge the public sector will expand
I see 6 in 10 on benefits in Belgium are immigrants. They’re stopping their entitlement so expect 2TK to invite them over here.
Reply I grasped the excessive recruitment and public sector productivity collapse first.
November 5, 2025
To Reply and so much of what they “produce” is of negative value anyway! Cut this out first – Net Zero, Covid “Vaccines”, Lockdowns, 95% of red tape, road blocking, market rigging, motorist and landlord mugging, over restrictive employment and planning laws…
November 5, 2025
They even produced the locking up of the (almost certainly innocent of all 15 charges) Lucy Letby and twice deny her an appeal for example, the Guilford 4, Birmingham 6, The duff covid Vaccines, lockdowns, the sick joke Covid enquiry, HS2… how much did all this cost. This just the tip of the iceberg!
November 5, 2025
Yes Sir John has sounded the alert on a critical number of disasters and has repeated ad nauseaum until even the dimmest in the class has grasped the concept. BOE bond sales, state sector productivity collapse, taxation on all the things they say they want.
As a matter of urgency constituencies MUST select candidates worthy of representing us. Douglas Murray needs to come and do the hard work on the benches, who else? Who do you want?
Else we are powering towards a very nasty war.
November 5, 2025
What if all those Cambridgeshire train victims had big dogs with them on the train, all set off by a man showing violent behaviour? I’d say they would have saved their owners the injury they suffered.
Have a big dog looking mean with you, and the mugger will think twice.
November 5, 2025
Wait until government bans pig farming under the guise of net stupid. Then we’ll see the true agenda
November 5, 2025
I don’t believe that there is an agenda, I fear its worst, I fear that they just don’t know how to stop the stupidity of net-zero ……its like HS2
November 5, 2025
Yesterdays rolling the pitch speech from Reeves as a preliminary statement to the upcoming budget was a tissue of lies and false conclusions interspersed with excuses blaming the international scene and past government policies.
At no point did she mention energy policy and its role in high energy prices. The Net Zero international focus and imposition is what is destroying the Western economies. She never referred to Net Zero yet that is number one barrier to growth and economic strength.
She did not mention uncontrolled migration either, yet that policy is the most toxic feature of modern political dialogue and is breaking the social service provision by its open ended and ever increasing burden on already over taxed working people.
The number of people not working hidden from wider public scrutiny by use of different labels is shocking and is over ten million souls in the working age population.
The gaming of the social security system is now big business with ‘advisors’ advertising on the net to help anyone wanting more so called free income exactly how they should fill the forms to get it.
The most ironic part of her delivery was claiming underinvestment in infrastructure. The investment in infrastructure has been unprecedented outside of war and most of it in the form of HS2 pointless spending on a project that will never see any return in anybody’s lifetime. That project was signed off by Gordon Brown and commenced in the first term of the Conservative LibDem coalition. It will not run a train on track before 2035 at current projections and have cost £100billion to create untold damage to the country. It will now only run between Birmingham and London and is a complete economic disaster.
It is what she did not say that is most telling, as usual.
November 5, 2025
She didn’t resort to the habitual mantra about the rich needing to pay more. Has she discovered the rich are too powerful and have to be left alone?
In the past, whenever a chancellor gave a speech it would leave me feeling it was fairly convincing, irrespective of the party in power. When she speaks all I hear is nonsense.
November 5, 2025
She discovered that the left are now ‘the rich’.
November 5, 2025
Conservatives’ ‘Waffle Bomb’ criticism speech was fair comment but was probably written before even Rachel Reeves’ idiotic speech was heard. People have to prepare to be ready.
November 5, 2025
Home working, employee attitudes and poor use of automation
Three things that need to be addressed in order to raise productivity.
Home working is a useful tool for the occasions where concentration is required, perhaps once or twice a week but we generally get more out of our employees when they are together in a hive than when they are isolated.
Employees now think that the company owes them rather than that they are earning a living. Too many rights which means that HR departments are too large and too involved.
AI is being used to write emails and sort Inboxes rather than automating functions. And everyone thinks that they are clever for doing this.
Elephant in the room is too much immigration which takes resource to administer for no gain and reduces costs for business so they don’t invest in automation. GDP per head is falling.
November 5, 2025
Excellent advice sit John – but I’m not holding my breath waiting for the Public Sector to sort itself out, becaise they won’t – not willingly.
November 5, 2025
Apologies Sir John – must proof read before hitting send.
November 5, 2025
IanT
Another day another prisoner release mistake, reported on BBC news feed this afternoon, alleged it took Prison Staff a week to realise he was not in his cell, Police informed 6 days later, another manhunt, more time, money and effort wasted.
The inefficiency just goes on and on, appears Mr Lammy may have been informed last night, but it is alleged he thought it perhaps best not to answer the question put to him a number of times in Parliament at Question Time today.
I guess it can only get worse !
November 5, 2025
Did he not mislead the house if he knew last night?
November 5, 2025
There are storms brewing elsewhere Alan, so not the best of times to have a bunch of amateurs at the tiller of the good ship Great Britain. We’ll see what they are plotting on the 26th but I’ve not heard very much to cheer about I’m afraid.
November 5, 2025
Is Rachel playing double bluff?
I.E. prepare the Plebs for tax rises, then don’t actually create any rise that would affect the Plebs. Hoping to be widely congratulated and admired for her compassionate work.
Or is she genuinely going to hit us with rises? If she does, she may discover they are un-palateable to even Labour backbenchers. That would be fun, watching another U-turn develop.
November 5, 2025
A certain YouTube channel which specialises in matters regarding cars has now produced spreadsheets based on DVLA registrations showing that sales of electric vehicles are plummeting. Our motor industry, and that of Europe, is in massive decline. Job losses and terminal decline of towns that should be a mainstay of our economy will just add to the sense of foreboding that many of us feel as we look to the future.
November 5, 2025
It was reported in the media yesterday that Rachel Reeves in her ‘one’ Budget removed more money from the economy than Gordon Brown did in ‘all’ his time at the helm. It would appear that in peace time she has taken more money out of the economy and borrowed more than any other Chancellor.
As with all Socialist, aiming to create a Marxist State comes at great cost to everyone but themselves.
I like everyone put the blame on Rachel Reeves as she is the mouth piece, but for now we still have a Parliamentary system of government. In the team of the collective responsibility of those in cabinet with a PM at its helm her actions require she has approval of all of them. Then we get to Parliament itself more than 50% of them have to also approve of what she is doing. So, it is not one person it is the Socialist Collective that is attacking the country and its people.
November 5, 2025
Those that call for just ‘her’ dismissal need to look at those lined up to replace her. It is the same ones that 2TK has appointed to write the next budget she will present. Then you get the real drift of Labours intentions, these people have written lengthy papers that all point to the creation of a full-on Marxist State. Everyone believed when 2TK cancelled elections, stood behind the cancellation of free-speech and defending locking up those that didn’t chime with his new world, they were one-off’s. They weren’t one-offs they were 2TK’s take on his greatness.
November 5, 2025
Ian B
Agreed, I do not see a single person who Starmer has appointed for “advice” as being a suitable alternative to the current dire Chancellor.
I can only hope that the clamour for a general election goes viral and we get rid of the lot of them, before they bankrupt us all, as well as the Country.
November 5, 2025
The Chancellor has to be an MP.
November 6, 2025
Lynn
The advisors who guide the Chancellor do not. !
A family friend who’s Son was used by a Conservative Chancellor as one of their economic advisor’s suggested most of them were absolute idiots, with not a clue !
November 5, 2025
The biggest productivity underperformance is in the public sector, particularly the NHS, and is therefore nothing to do with Brexit trade friction, or energy prices, or the host of other excuses Reeves came up with. But Labour will do nothing about that as it would upset the unions.
In the private sector one MP has come up with a brilliant idea to block any productivity gains from new technology there too as he actually tabled a question: “To ask the Chancellor of the Exchequer, whether she has considered the potential merits of requiring businesses to pay a tax equivalent to employer National Insurance contributions for each AI agent that performs tasks previously done by people.” You couldn’t make it up.
November 5, 2025
Roy
Yes, and enough people vote for these idiots, that they then get elected, perhaps only income tax payers should be able to vote, at least they have some skin/money at risk in the game that is being played out.?
November 5, 2025
Funny to see Corbyn saying that without immigrants there would be no hospitals!
Did he think we had no hospitals before the Windrush?
Questioning is where are our Doctors and nurses.
November 5, 2025
Central bank gold buying hit the highest level of the year in September, with several new banks adding to their reserves. Globally, central banks officially added a net 39 tonnes of gold to their holdings in September. That was up 79% month-on-month and was above the 12-month average of 27 tonnes
Brazil was the biggest buyer in September, adding 15 tonnes of gold to its reserves. Kazakhstan added 8 tonnes. The Bank of Guatemala – a new player in the market – bought 6 tonnes and the Central Bank of Türkiye increased its holdings by 2 tonnes. The Turkish central bank has now been a net bullion purchaser for 28 consecutive months. The Czech Central Bank added 2 tonnes, it’s 31st straight month of gold accumulation. China bought 1 tonne. The People’s Bank of China is secretly buying large amounts of gold off the books and is now believed to hold in excess of 5000 tonnes. Even Ghana bought a tonne in September.
Unfortunately for us, the BoE bought zero gold. Inexplicably, our central bank prefers to hold US Treasuries and cash $dollars – when the rest of the world is dumping the $dollar as fast as they can
November 5, 2025
SG
Worry not, the taxpayer will be billed for any losses made by the BOE as has happened recently.
November 5, 2025
Wow, good news for Russia who is the world’s second biggest producer of gold.
Are you advocating and applauding the filling of ‘Putin’s coffers to fund his evil the war against the Archangel Volodimir?’ 😂
Next you will be telling is Gates is a fool – a ‘climate-change denier’. 🤣
Oh dear – I have to stop. This schadenfreude is addictive!
November 5, 2025
Suddenly, the sun is very active. Yesterday, Earth-orbiting satellites detected two powerful X-class solar flares. The northern flare came from highly active sunspot 4274. The southern flare came from a sunspot hidden behind the sun’s limb. It was probably more powerful than its nominal classification because the flare was partially eclipsed by the edge of the solar disk.
There’s no reason to think this activity will subside. These sunspots have been flaring for weeks, producing multiple farside Coronal Mass Ejections in late October. Now they are turning toward Earth
Powerful CMEs like these have the potential to cause geomagnetic storms capable of causing damage to orbiting satellites, disruption of radio communications, damage to power lines and fry electricity transformers. Lets hope the next one misses us
November 5, 2025
What are you on about ? This is the second day in a row you’ve posted something of no relevance whatsoever to the topic under discussion, and of no interest either. Can you stop ?
November 5, 2025
SG
So how is the Government going to control the effects of what you describe ?
Will increasing taxes or subsidies help.?
Perhaps you have just outlined why our climate is changing in reality, as many have suggested before, the Sun’s activity is the main driving force of our weather, not government controls.
I am absolutely in favour of reducing pollution and the poisoning of the earth, and for sensible re cycling, but that is a completely separate argument to Climate change and Net Zero.
November 5, 2025
SG, thanks again. A very powerful CME, known as a Carrington event, which has a 12 % chance of happening within the next 100 years, would totally destroy our electricity grids so badly that it may take a decade and cost £trillions to recover from. Another reason in addition to the cost and impracticality of electrical devices for heating and transport and the loss of national security when relying upon China for the kit to generate our electricity to not believe the false claim that CO2 controls global temperature and transition to a 100% electrical future.
November 5, 2025
The simple fact is that people who have made and effort to try to be self sufficient and live within their means all their lives, are now (and have been for years) paying the price for the incompetence of Politicians who have failed to run the Country within its financial means for years.
If we are all in this together, then reduce and tax benefits, limit the time you are allowed to claim Benefits, on a sliding scale if necessary, confirmed with a face-face comprehensive medical examination.
Yes fully appreciate that some through no fault of their own, cannot work and need support in many ways, and they should get help, but for decades now we have had people claiming they cannot work, for minor or vague or lifestyle reasons, and that simply has to be stopped, simply because it is unserstainable.
What is the point of working if you are going to be no better off, than those who do not want to bother.
If you can read, write, talk, and use your hands, then you can work, even from home if absolutely necessary.
November 5, 2025
What an insult to taxpayers everywhere that speech was. She told us it would be a fair budget – Ha!
There is nothing fair about the high taxation levels we already have to live under, and yet she promises to extract more taxes.
Not only has this chancellor failed in the PR department she has shown herself to be a typical tax and spend socialist who is out of her depth and knows nothing about stimulating the economy!
November 5, 2025
Rachel Reeves and her boss are a calamity for our country. Her first budget increased taxation and destroyed growth. Now she plans more of the same thus further destroying growth and confidence. She and her boss are breaking both a verbal and written manifesto commitment. How will British people ever believe a single word they say in future? Trust is the unwritten bond between political leadership and electorate. Once trust is broken it can never be restored. This will be the miserable legacy of the Starmer/Reeves government and one they will not survive.
November 5, 2025
“A new Public Office (Accountability Bill) being backed by Prime Minister Sir Keir Starmer would make it illegal for public officials to lie to the media”.
Starmer and Reeves should be the first to be prosecuted – repeat offenders.
November 5, 2025
Doubtless it will not apply to politicians. But many public officials certainly lie all the time. Do we have about 100,000+ spare prison places!
November 5, 2025
So they can still lie to everyone else? The Courts, Commons Committees, the Cabinet, the People?
We know how scrupulously the BBC, for instance, sticks to The Truth. They will be relieved that the6 will not be lied to.
Let’s hope Trump does us another favour and cuts the ground from under the British Bashing Corporation.
November 5, 2025
All correct, Sir John. So it looks like it all going to plan. They know renewables are making electricity ever more expensive. The ES&NZ Committee are continually looking for ways to hide the cost. At an ES&NZ Select Committee meeting on 15/10 the Chair asked the 6 energy company CEOs to where the electricity renewable generating costs could be moved, suggesting gas bills, taxation or “elsewhere in the energy system”. At the same meeting the Chair asked them: “How well do you think you are doing in making it possible for people to make the significant changes in their lives that are necessary for that transition [to electrification] to take place?” They know that their CAGW scare is false. Even Bill Gates has finally admitted this ahead of COP 30 writing to the delegates to say that “the doomsday view of climate change, namely that in a few decades cataclysmic climate change will decimate civilisation, is wrong and we should concentrate instead on different efforts that will have more impact on the human condition.” The goal is not to curb CO2, the gas of life, but to give a reason to electrify and enable control through rationing and smart meters.
November 5, 2025
I’d suggest (1) a 20% reduction in all public spending and (2) cancel 100% pulic sector working from home
November 5, 2025
Ørsted have announced that the world’s largest offshore windfarm, Hornsea 3, will be completed with American money. They have sold a 50% stake to Apollo in a $6.5b deal, who will fund half of the project’s remaining construction costs
Hornsea 3 is a 2.9 gigawatt project located 160km off the Yorkshire coast. Ørsted said that Apollo would bring infrastructure expertise and scaled capital to the project, enabling it to be completed and connected towards the end of 2027
Apollo led a £4.5b financing for the Hinkley Point C nuclear power plant that is being developed by EDF
Source:- FT 05 November 2025
The net stupid Richard Tice, of the Reform anti-swans limited company wrote to Ørsted in the summer, advising that when Reform take power they will remove consent for any more offshore windfarms, particularly those entering the AR 8 auction
Reply Presumably because the guaranteed prices likely to be offered are a rip off. The Conservatives have called for AR 7 to be cancelled as it is far too dear.
November 5, 2025
SK – who owns Ørsted and where do they pay tax on the money just given to them that is taken from the UK Taxpayer. Those earning are exported and not swirling around in the UK economy.
November 5, 2025
Orsted.com ‘Our approach to tax’.
Orsted.co.uk ‘What we do in the United Kingdom’ and ‘Sustainability, annual and tax reports’
en.wikipedia.org ‘Orsted’
November 5, 2025
I understand what you believe, but that is to suggest the Danish State pays tax in the UK – they are Ørsted. The first lesson in business school is to minimise tax liabilities, obviously by legitimate means, even if a bit grey around the edges. There are whole courses on it. The first thing foreign owned companies do is ensure that what appears to be surplus/taxable income is used to pay administration fees in a domain that has the lowest tax demand. Their are individuals in the UK paying more tax than multi-billion earning companies.
This is why UK governments get it so wrong, they use phrases like the ‘tax burden should fall on the broadest shoulders’ implying that the super rich should pay a greater share than everyone else. They miss the point their money(those with it) is already our of reach and it is the general taxpayer that foots all the bills.
While its good that foreign companies get involved in the UK, their loyalties are always elsewhere so is their prime tax base. The point being made is that UK Governments tend to believe large foreign Government operations are a better place to put UK Taxpayer money, rather than nurturing UK businesses, were should that happen the money that goes in gets to trickle down within the community feed the economy and with all paying taxes in the UK – that’s the money feeds the UK economy nothing else does. We are talking here about billions of UK Taxpayer money, bigger than the ‘black holes’ funding foreign regimes and not the UK economy.
UK Governments think it is Governments that can do things and nobody else.
November 5, 2025
Scrap all subsidies and the energy market rigging and then all the duff projects will rightly not get funded!
November 5, 2025
SG :
I certainly will compliment Oersted in achieving a 50% sale of Hornsea 3. Its CfD contract is currently at £48.69/MWhr and starting 01/03/2028. Hornsea 2 at £80.08/MWhr, currently the lowest operating CfD, has lost £257m in 2023 and 2024 despite receiving £41m in constraint payments. Oersted cancelled Hornsea 4 at a CfD of £84.97/MWhr saying it was economically unviable. Taking a construction cost of £13bn for an installation capacity of 2.9GW, and hence an effective generation capacity of 1 GW (35% capacity factor), and an economic lifetime of 20 years gives a replacement cost of £56/MWhr/year. Hinkley Point C with 3.2GW, 90% capacity factor, £46bn construction cost and 60 years lifetime works out at £30/MWhr/year and HPC would have been half the price if Chinese finance at 9% had not been used.
November 5, 2025
Perhaps we can get Oersted to sell the NHS for us? They must have a great sales department.
November 6, 2025
OR
Unfortunately Miliband thinks wind is cheap, he is suggesting the next auction price will be sold/bought at a strike price of £170, the man is an absolute idiot who will bankrupt the UK.
November 5, 2025
The simple question is, “Should the men in white coats be gently removing Rachel Reeves to the nearest asylum?” It seems she has completely lost touch with reality, as has the PM and Energy Secretary.
All three are utterly useless, and damaging the UK every day they are in office.
November 5, 2025
To be replaced by whom? Two Tier, Lammy, Phillipson, Reeves, Ed Miliband, Rayner… all are truly appalling – if anything Reeves is the best they have – but the party will not let her do the sensible things needed anyway – even if she did want to.
November 5, 2025
Oh I would be happy for them to be sent to the nearest asylum hotel.
November 5, 2025
Any Chancellor making a bad situation worse is doomed, not least as even should appropriate corrections be identified and made confidence is unlikely to be restored sufficiently quickly.
Starmer even with his middle manager perspective must by now know Reeves is finished. Presumably her last job will be to shield colleagues from taking blame for her economic mismanagement.
November 5, 2025
@formula57 – A while back Starmer said he had taken charge of the Budget and it presentation. He appointed a whole new Team to oversee things and tell the Chancellor what she must say and do.
November 5, 2025
@ Ian B – indeed so, suggesting it will be all the more vital that Reeves takes the blame.
November 5, 2025
The other interesting bit, that has the economy faltering. Is her seeming threats arriving daily from her team has put Christmas on hold for the consumer, threatening more businesses and industry.
Who will she blame this time?
November 5, 2025
Education Secretary Bridget Phillipson told BBC Breakfast that “there won’t be a return to austerity.” ????
November 5, 2025
Sure will be they will very soon run put of other people’s money to thieve or borrow or print as Socialist always do.
November 5, 2025
Aww bless! She will do a Gordon Brown most likely and say she meant no Tory austerity, the home grown Labour variety will be the right thing to do to build foundations, right the ship, protect children’s future blah blah.
November 5, 2025
…for the state sector ….
They have killed the golden goose so she just might be proven wrong more quickly than is comfortable.