Chancellor Rachel Reeves: Her Time Is Up!
- Thread starter Larry O'Hara
- Start date
Understandable mistake.
I think you're confusing Bank of England and Bank of Scotland.
Halifax, at the time, was part of HBOS (Halifax Bank of Scotland), now owned by Lloyds.
moochedit
I'm not feeding seagulls
* shudders *
Smokeandsteam
Working Class First
"I have heard lots of responses to the government’s first budget but I have heard no alternatives,” she is expected to say.
Simply not true.
For example:
For example:
www.theguardian.com
For example:
novaramedia.com
Simply not true.
For example:
For example:
Unite calls for 1% wealth tax on super-rich to fund UK public sector pay rises
The demand from Britain’s second biggest union will test truce with Labour at next month’s TUC conference
For example:
The Budget Is Socialism for the Rich, Austerity for the Poor | Novara Media
With her record-low corporation tax and below-inflation benefit rises, Labour’s first woman chancellor has indeed made history: by passing up a historic opportunity to fix Britain, writes James Meadway.
novaramedia.com
littlebabyjesus
one of Maxwell's demons
I detest Reeves, but fuck these business leaders. Every time anything like this happens, they claim it will cost millions of jobs. Said the same thing about the minimum wage.
kabbes
First intersubjective, then internalised
If you want to employ people in the UK and exploit their labour to produce a profit then, guess what, you might have to pay towards the infrastructure that provided you with that labour in the first place. These fuckers claim that productivity has declined but they don't draw a line between that and the crumbling infrastructure that supports that productivity. (And that's placing the whole thing in their own terms, leaving aside the ideology of "productivity" in the first place.)
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
If they hate taxes that much, why not move their business to Monaco? Sure they'd have to pay £13m a year for a local to clean their office etc., but at least they won't have to contribute to the well being of society.
I have mixed feelings on that. The author is Richard Murphy, whom I think is sometimes right on the money - for example when he ripped into Green Party economic policy a few months back.
Other times he makes no sense, mainly when he's promoting the Modern Monetary Theory agenda.
I think the Labour Party wasn't far off when they said this about him:
Smokeandsteam
Working Class First
Yes.
The markets are going for the UK today and they will, no doubt, force Reeves into spending cuts, with an announcement possibly as soon as today.
Just think, had Reeves come into office and taxed wealth and defended the poor. The reservoir of public support would have allowed her to face the markets down.
Instead, here we are….
The markets are going for the UK today and they will, no doubt, force Reeves into spending cuts, with an announcement possibly as soon as today.
Just think, had Reeves come into office and taxed wealth and defended the poor. The reservoir of public support would have allowed her to face the markets down.
Instead, here we are….
Sorry if I'm stating the obvious, but "government debt" means the government is borrowing money. Obviously those who are lending that money have influence. As Liz Truss discovered to her cost, and then blamed the "deep state" for not telling her.
Elpenor
Well-Known Member
It seems these markets are in charge of the governments economic policy and any plans not acceptable to them will be killed
This happened in 2022 of course under the Truss regime.
It does seem that governments have very little room for manoeuvre. Perhaps the markets should take charge of economic policy given they have a de facto power of veto
This happened in 2022 of course under the Truss regime.
It does seem that governments have very little room for manoeuvre. Perhaps the markets should take charge of economic policy given they have a de facto power of veto
brogdale
Coming to terms with late onset Anarchism
They don't need to bother when their political wing does their bidding whatever.
PTK
Paul Kegan
I don't understand how government debt can be auuctioned. Well, I do, but I dont think that it should be alllowed.
Elpenor
Well-Known Member
The Bilderberg and WEF Davos lot run the show and decide what is allowed, governments and elections are a total charade.
I mean the Reeves policies are probably awful, but if there was a good policy in there they’d act to squash it
brogdale
Coming to terms with late onset Anarchism
I honestly don't think that financialised capital cares about any policies, good or bad, beyond the state's ability to service its interest payment to them. 'The markets' clearly think that Reeves should be taxing labour more enabling her to service more credit that they could extend.
PTK
Paul Kegan
No, of course not. When government bonds are auctioned, there is a person at the front with a hammer.
Serge Forward
Just enjoyin' my coffee.
Hmm... I sure I spotted them being auctioned on Ebay.
Smokeandsteam
Working Class First
The doom loop of elite centrism staggers on. We’ve now arrived back in 2011 and we prepare for the new old narrative of workers/shirkers.
All of this was entirely predictable. From the moment Reeves and Starmer signalled that their approach was maintenance of the order of the last 45 years.
All of this was entirely predictable. From the moment Reeves and Starmer signalled that their approach was maintenance of the order of the last 45 years.
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