Rachel Reeves had a week from hell – the real meltdown starts NOW | Personal Finance | Finance
Something was broken in Reeves last week. The country has seen it. Pm Keir Starmer looked forward directly, collapsing the Commons, tears are flowing. The next day, Reeves was covered with a wheel, makeup and froze in a rictus grin, still clearly traumatized and humiliated. And that was before I had to hug the people to his boss.
England’s fate was written on his face. The government collapses, the party is rebellion, public finance does not melt. And the only vehicle Reeves left will make everything worse. Trust me, it’s just the beginning. The real disaster is about to emerge now.
The chancellor cannot borrow any more. He can’t spend any more. He celebrated himself with financial rules “unharged”. He has only one move. Raise taxes.
This will make voters anger over and over again – and the last breath of life will crush the economy. Reeves also knows.
And he knows that Starmer will continue to use him as a human shield to protect himself against the reaction.
Yeah, things were cruel under Tories. But England is divided into pieces under labor.
This week, 2,000 small boat immigrants, each needed expensive hotel rooms, appeared. Labor cannot stop them.
Each working day, 3,000 people claim disability benefits such as payment of personal independence (PIP). The rebellious deputies blink to them.
Things are being eliminated.
Employers freeze recruitment after last year’s national insurance hike last year – a move that costs 275,000 work.
Incredibly, Reeves did this at a time when artificial intelligence would destroy tens of thousands of people. Angela Rayner’s employment rights law will cause more destruction.
Ed Miliband’s new Quangos swallows billions and does not produce anything. Energy bills are among the highest world.
The little crime gets angry without controlling. Naturally, the remaining shopping is the Crooks shop. Telephone theft is common. There is no place to see the police.
The inflated public service still cannot do anything. Trade unions are stretching again. And as for the economy?
Growth stopped and forced the office to the budget responsibility. Inflation won’t stop. Productivity was flattened. Businesses stopped investing.
Rich taxpayers escape from countries where success is not punished. As the UK companies leave London and list them abroad, things follow them.
The list goes on.
Now, we are walking on the verge of another Liz Truss, as the bond markets demand more attention to give money to our broken situation.
Rebellion Labor MPs perceive weakness and demand more spending, not less. Nevertheless, the Institute of Financial Research says Reeves already faced £ 30 billion black holes. It could be £ 40 billion.
How does it make this apartment black? Answer: He can’t.
People’s taxation is the only thing that labor has left. And Reeves were given a job. From backup from the useless boss.
Speculation on the autumn budget will drown, strangling confidence and growth just like last year.
The first coup can go down until July 16, when Reeves will make our cash ISAs wild.
Reeves spent an ugly week. And it will only become ugly and ugly. Soon we all cry our eyes.
