Reeves and Starmer not content with killing economy – insulting us too | Personal Finance | Finance
They lied through their teeth during the election, claiming they would only increase taxes by £8.5bn and none of this would affect “working people”. They have cost us £66bn in 18 months and there is almost certainly more to come. They misled Waspi women, farmers, tavern keepers and small businesses. They made up stories about winter fuel payments, the two-child limit and many other issues. And they won’t stop.
Of course, all politicians exaggerate the truth. But an even bigger problem is that they are both incompetent and should never be allowed anywhere near the UK economy. This morning we got a reminder of both traits: being incompetent and lying about it. To our faces.
First, we learned this morning that the economy is still trending sideways on their watch, confirming their incompetence. Second, we saw their sheer dishonesty in their pathetic attempts to pretend they were doing a great job.
The UK economy grew by a weak 0.1% between October and December last year. Every time Starmer and Reeves open their mouths they talk about “restoring stability”. I think they’re right in a way. The economy is at a standstill. This is a kind of stability.
Instead of confronting this, Reeves went into denial mode. Yes, politicians try to distort his failures as well as his successes, but he is particularly inept at this.
He immediately mentioned that the UK has seen six interest rate cuts since the election. But he doesn’t make that decision. It has nothing to do with it. This is the responsibility of the Bank of England and rates could have fallen much further if Reeves had not increased inflation with his tax and spending budgets. Interest rates in Europe dropped to 2 percent. Here the base interest is at 3.75%. Find the difference.
Reeves also claimed that inflation was falling faster than expected. This is ridiculous. In fact, it rose to 3.4% in December. Inflation in the Eurozone fell to 1.7% in January, half our rate. The main reason for this is working policies.
The Chancellor then announced that he would “build a stronger and more secure economy, lower the cost of living, reduce the national debt and create the conditions for growth and investment in all parts of the country”.
There is only one problem with this sentence. Almost every part of it is a lie. None of this happens. And his boss is just as bad.
Starmer tweeted today: “Today’s GDP figures show our economy is growing. That means more money in your back pocket.”
This is nonsense. First, 0.1 percent growth is hardly growth at all. This is a rounding error. Nobody feels this in their pocket.
Second, this figure represents total GDP. If Starmer is talking about individual people’s pockets, he should look at GDP per capita. This is decreasing as the population continues to increase through immigration.
Real GDP per capita, which measures output per capita, fell 0.1% in both the last two quarters of 2025. So he’s talking nonsense again.
While Reeves and Starmer lecture us about “growth”, we are getting poorer per capita. Not only are they mismanaging the economy, they are also trying to enlighten the country about it.
Killing growth is bad enough. Acting like it’s coming with a bang and expecting us to applaud is the ultimate insult.
