Chancellor Rachel Reeves: Her Time Is Up!

[littlebabyjesus]

"Every regulator, no matter what sector, has a part to play by tearing down the regulatory barriers that hold back growth.

"I want to see this mission woven into the very fabric of our regulators through a cultural shift from excessively focusing on risk to helping drive growth," said Mrs Thatcher.

 

[Smokeandsteam]

"Every regulator, no matter what sector, has a part to play by tearing down the regulatory barriers that hold back growth.

"I want to see this mission woven into the very fabric of our regulators through a cultural shift from excessively focusing on risk to helping drive growth," said Mrs Thatcher.

Yes, as I keep saying regulators can’t drive growth.

But what they can do is strip away the state, protections for ordinary people and deregulate.

Nice find on that Thatcher quote, because it encapsulates Reeves strategy perfectly.

She is a Thatcherite to her core and Maggie would have been proud of Reeves intervening to bail out the grubby and highly dodgy car loan companies.

 

[brogdale]

Yes, as I keep saying regulators can’t drive growth.

But what they can do is strip away the state, protections for ordinary people and deregulate.

Nice find on that Thatcher quote, because it encapsulates Reeves strategy perfectly.

She is a Thatcherite to her core and Maggie would have been proud of Reeves intervening to bail out the grubby and highly dodgy car loan companies.

The 'regulators' put in place by Thatcher's various privatisation acts were specifically designed to de-risk the investment environment for asset managers and to ensure stable returns of unearned income. The only way that they could be used to drive growth would be be if they distributed returns to the population ('helicopter money') rather than going into tax havens. Doubt that Margaret Hilda Reeves will do that.

 

[Smokeandsteam]

The 'regulators' put in place by Thatcher's various privatisation acts were specifically designed to de-risk the investment environment for asset managers and to ensure stable returns of unearned income. The only way that they could be used to drive growth would be be if they distributed returns to the population ('helicopter money') rather than going into tax havens. Doubt that Margaret Hilda Reeves will do that.

Precisely. Reeves isn't asking them to come up with a growth plan but instead a plan to further deregulate to ensure guaranteed returns for capital at the expense of safety/the public/quality/etc.

Reeves is proving to be well to the right of figures like Sunak and Hunt.

 

[Pickman's model]

Precisely. Reeves isn't asking them to come up with a growth plan but instead a plan to further deregulate to ensure guaranteed returns for capital at the expense of safety/the public/quality/etc.

Reeves is proving to be well to the right of figures like Sunak and Hunt.

and even wronger than either of them

 

[Pickman's model]

Yes, as I keep saying regulators can’t drive growth.

But what they can do is strip away the state, protections for ordinary people and deregulate.

Nice find on that Thatcher quote, because it encapsulates Reeves strategy perfectly.

She is a Thatcherite to her core and Maggie would have been proud of Reeves intervening to bail out the grubby and highly dodgy car loan companies.

i think thatcher would have despised the plagiarist reeves

 

[The39thStep]

What's happened to the 'once they get into office they'll move to the left ' crowd?

 

[Smokeandsteam]

i think thatcher would have despised the plagiarist reeves

Nobody likes a poor tribute act.

 

[Smokeandsteam]

What's happened to the 'once they get into office they'll move to the left ' crowd?

In therapy?

 

[Pickman's model]

In therapy?

no, they're still just a trio

 

[Serge Forward]

What's happened to the 'once they get into office they'll move to the left ' crowd?

But... but... they're keeping their powder dry...

 

[brogdale]

But... but... they're keeping their powder dry...

arid enough to ensure those lucrative non-exec directorships in BlackRock et al

 

[Smokeandsteam]

Whilst we don't know where the 'once they get into office they'll move to the left ' crowd are, the other strange development is that the Blairite/centrist dad grifters seem to have lost all interest in UK politics. This disinterest appears to have happened en masse around last July. Before that their feeds/podcasts/tours/substacks/radio shows provided a daily running commentary on the Government. Now? It's just tumbleweed.

Instead their output now consists of outrage at decorum breaches committed by Trump/Musk/social media/Amazon/the 'far right', some retro remoanary for the good times and some performative outrage at Farage.

How odd.

 

[Elpenor]

I haven’t heard a lot from the “wait till the second term” crowd recently

 

[littlebabyjesus]

Reeves certainly seems to be driving the government's agenda right now. Starmer doesn't have any politics to speak of and appears to be deferring to Reeves on all matters to do with the economy. And she is a true Thatcherite believer, so we have a true Thatcherite government, more so than the recent Tories. More so even than later-years Thatcher after her mad monetarism had proven not to work the way she and her followers had been led to believe it would.

 

[wemakeyousoundb]

poor little non-doms won't be hurt after all the chancelor says.

 

[Smokeandsteam]

poor little non-doms won't be hurt after all the chancelor says.

Restoring government to the service of the (rich) people..

 

[Chz]

poor little non-doms won't be hurt after all the chancelor says.

Fuck's sake, they're friendly enough to the rich without actually backtracking on their own promises. I don't know how they manage to fall under even Urban's expectations, but they're managing.

 

[littlebabyjesus]

Fuck's sake, they're friendly enough to the rich without actually backtracking on their own promises. I don't know how they manage to fall under even Urban's expectations, but they're managing.

Yeah, I was expecting something like Blair/Brownism. But this is not that. This is more Tory than the maddest r/w Tories-ism.

 

[kabbes]

Precisely. Reeves isn't asking them to come up with a growth plan but instead a plan to further deregulate to ensure guaranteed returns for capital at the expense of safety/the public/quality/etc.

Reeves is proving to be well to the right of figures like Sunak and Hunt.

Exactly why I said pre-election that I would prefer a Tory government with a proper and meaningful left-wing opposition than a right-wing Labour government. Where are the checks and balances going to come from now?

 

[littlebabyjesus]

Exactly why I said pre-election that I would prefer a Tory government with a proper and meaningful left-wing opposition than a right-wing Labour government. Where are the checks and balances going to come from now?

It's why I said that a Labour landslide was the worst-possible result of the likely results. A weak minority Labour government would have had to be more left-wing, if only to keep the libdems onside.

 

[The39thStep]

Whilst we don't know where the 'once they get into office they'll move to the left ' crowd are, the other strange development is that the Blairite/centrist dad grifters seem to have lost all interest in UK politics. This disinterest appears to have happened en masse around last July. Before that their feeds/podcasts/tours/substacks/radio shows provided a daily running commentary on the Government. Now? It's just tumbleweed.

Instead their output now consists of outrage at decorum breaches committed by Trump/Musk/social media/Amazon/the 'far right', some retro remoanary for the good times and some performative outrage at Farage.

How odd.

Very selective 'anti-fascism' though , established players in that genre over the last two years don't get a mention.

 

[magneze]

poor little non-doms won't be hurt after all the chancelor says.

A further attempt to make sure Labour only gets one term. So inept.

 

[Dystopiary]

She is beneath contempt. Don't want to go to the S*n website and it's late so this is the best I can do for now:


alt text: [photo of Rachel Reeves] We cannot keep footing the bill for jobless Britain - so I will bring forward a plan... The S*n 4h [ago]

 

[Humberto]

Funnily enough she's in the Observer arguing for greater integration with the EU. Busy like.

 

[PR1Berske]

There's a splash in the Sunday Telegraph detailing Reeves' Planning and Infrastructure Bill, with warnings against opponents 'blocking for blocking sake". Looks like "growth for growths sake " overrides everything.

 

[brogdale]

There's a splash in the Sunday Telegraph detailing Reeves' Planning and Infrastructure Bill, with warnings against opponents 'blocking for blocking sake". Looks like "growth for growths sake " overrides everything.

I don’t think that the LP mantra of “growth” is “for growth’s sake” but rather as a politically ‘acceptable’ disguise for their neoliberal agenda of privatisation, deregulation, depoliticisation, “consumer choice”, free trade, “sound public finance”, austerity, and reductions in government spending.

 

[PR1Berske]

I don’t think that the LP mantra of “growth” is “for growth’s sake” but rather as a politically ‘acceptable’ disguise for their neoliberal agenda of privatisation, deregulation, depoliticisation, “consumer choice”, free trade, “sound public finance”, austerity, and reductions in government spending.

Fair. Freeports expanded etc.

 

[agricola]

I don’t think that the LP mantra of “growth” is “for growth’s sake” but rather as a politically ‘acceptable’ disguise for their neoliberal agenda of privatisation, deregulation, depoliticisation, “consumer choice”, free trade, “sound public finance”, austerity, and reductions in government spending.

It is a tremendous shame that (and this is being charitable to them) they haven't worked out yet that it is that agenda that is causing 90% of the problems they claim to want to fix, "sound public finance" especially. You could probably chop 15-20% of spending off just by doing things in house.

 

[magneze]

They're going to make the same mistake as the Democrats aren't they? Look at all this GDP growth? Meanwhile real wages stagnate, prices are higher but still nothing really works.