What a huge financial mess we find ourselves in as a country and Rachel Reeves, our so-called Chancellor, is at the helm.
Here she is blaming Liz Truss for the Tory mini budget that sparked a spiral in the markets. Although sadly, we appear to be in almost a worse place than in 2008.
She claimed a win in her spring statement. Yet the country is clearly an a debt spiral.
She lectured us on how wonderful her strategy was, and how she was determined to fix the foundations and her decisive action to eradicate the black hole left behind by the Tories, which she claimed was driving down the cost of money.
She bragged about the six cuts in interest rates since the General Election, which she called the fastest pace and reduction in 17 years, and said her plan is working.
Ms Reeves said: “The new forecasts from the office for Budget Responsibility show that our plan is the right one.
“Inflation is down, borrowing is down, living standards are up and the economy is growing.”
She claimed for businesses, that means lower capital costs, a greater certainty and for families, she said, it means more money in their pockets to spend in local shops and on high streets.
But it turns out that Rachel has made more of a mess than Liz Truss ever did.
The GB News star shared her views on Rachel Reeves’s latest ‘excuses’ for the state of Britain’s economy
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GB NEWS
And worst of all, she doesn’t appear to be able to see the problem. I think she thinks that she’s doing a good job.
She can’t even get her backbenchers to agree on cutting the ballooning welfare bill, which, if done correctly, would go quite some way to fixing the problem.
She’s actually been quite fortunate that she’s been able to blame the Tories.
“When Governments lose control of the economy as the Tories did, it is working people who pay the price. In their pay packets, in their bills and in their mortgages,” the Chancellor said.
“That’s what the party opposite inflicted on working people over 14 years,” she added.
She’s blamed the war in Ukraine. She’s even blamed Brexit.
Rachel Reeves has often shifted blame onto the economic ‘inheritance’ from the Tories
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PA
“Brexit created profound uncertainty, raised new barriers to trade and leaves Britain facing an additional danger today,” she said.
“The risk that we find ourselves stranded between powerful trading blocs as globalisation retreats.”
She delivered a Spring Statement which was out of date.
The moment she opened her mouth, her whole strategy appeared to be based on interest rate reduction, which she predicted would be reduced, which clearly isn’t going to happen.
Stupid net zero policies will have meant that we have the most expensive energy costs in the world.
Increases in business rates, the NI hike and the rising minimum wage have made growth non-existent.
The Renters Reform Act is decimating the rental market, making rent higher and new employment legislation is deterring employers from hiring.
And the stagnation that we’re seeing is likely to turn into a slump.
All policy decisions made by the Labour Government.
I’m wondering how long it will be before she blames the entire God awful mess that she’s created on the war in Iran.