Rachel Reeves has blown her credibility so now she’s trying a new catchphrase. Who’ll care?

Rachel Reeves: she thinks we’re all idiots. This is the look on her face when she finds out we’re not.

This couldn’t have happened to a better person, could it?

It turns out Rachel Reeves took money from climate sceptics, right before Labour ditched its £28 billion-per-year Green Prosperity Plan:


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She has now gone on to float a new catchphrase: “Securonomics”:

According to the Telegraph,

Labour would aim to secure the highest sustained growth in the G7. To do this, it would adopt a new approach it has coined “securonomics”, or “modern supply side economics”.

This would involve bringing in “tough” fiscal rules with a new “enhanced role” for the OBR and establishing a new Office for Value for Money to ensure taxpayer cash is being well spent.

If it seems like nonsense, that’s because it is.

Reeves is still trying to pretend that money is a limited resource in the UK; it isn’t. A Labour government would be able to create as much as it needed, to fund any projects it wanted – as long as it taxed back enough money (from those who could afford it) as would be necessary to prevent large-scale inflation.

The problem there is that – as she has shown by taking a donation and then ditching a policy that would have been extremely useful – Rachel Reeves is in the pocket of the rich.

Still, the idea of an Office for Value for Money is a good one, even if it won’t work in practice because governments will find a way to ignore it if it says they shouldn’t do something they want to.

Ultimately, we can only have one comment on all of this:

Rachel Reeves: what a phoney.

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  1. oeggame1 February 15, 2024 at 5:08 pm - Reply

    Whot a girl hay stab you in the front mind of way oh for Jeremy Corbyn a true candidate for true rule

  2. Alan Peyton February 15, 2024 at 6:53 pm - Reply

    If any doubts remain about money creation, here’s ad admission from BoE that should eliminate such doubts. Note that if BoE=Gov can do this for QE, it is possible to do it for ANYTHING!
    “The money we used to buy bonds when we were doing quantitative easing (to pay £445 billion for the 2009 financial crisis and [initial] £300 billion for COVID) did not come from government taxation or borrowing. Instead, like other central banks, we can create the money digitally in the form of ‘central bank reserves’. We use these reserves to buy bonds” (Bank of England, 13 Jan 2023) QED?

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