Rachel Reeves has told 12 rotten lies – and | European Markets

I shortly got here up with a dozen. Reeves has “misspoke” about every part from her tax plans to her days as a dazzling little one chess prodigy, they usually’re unravelling, one after the other. So right here goes.

Winter Gasoline Fee. After the pensioner backlash over scrapping the Winter Gasoline Fee, Reeves claimed she actually did not wish to cut it however was compelled to take action. But Parliamentary footage from 2014 exhibits her boasting about her plans to axe it manner back in 2014, as proof she might make “tough decisions”.

Nationwide Insurance. In the course of the election Reeves repeatedly claimed Labour wouldn’t hike taxes on “working people”, primarily income tax, national insurance coverage (NI) and VAT.

But in her Funds she hiked NI on employers to the tune of £25billion, they usually’re passing on the fee by firing employees, decreasing pay rises or pushing up costs. All of this hits working people.

Tax assault. In marketing campaign mode, Reeves acknowledged that larger taxes had been pointless and emphasised the need for growth. She then went onto launch the largest tax raid since 1993 in her autumn Funds. Extremely, she’s since distanced herself from her own guarantees.

Financial “black hole”. Reeves solely claimed to have found her well-known £22billion “black hole” within the nation’s books after the election, and used it as an excuse for tax hikes. But as Paul Johnson, head of the impartial Institute for Fiscal Research identified: “That fact was obvious to all who cared to look.”

Her good profession (half 1). Reeves claims she was an economist at Halifax-owner HBOS bank. She was compelled to edit her CV on LinkedIn after it turned out she was truly “running a small administrative complaints department that also dealt with IT matters”.

Her good profession (half 2). Reeves claimed in 2021 that “I spent a decade working as an economist on the Financial institution of England and cherished it”. In fact, she spent simply five-and-a-half years there. Which included a 12 months out finding out.

VAT on personal college charges. The Chancellor informed broadcasters “every single penny” of the £1.5billion generated by slapping VAT on personal college charges would go in direction of state schooling. The truth is, the money simply goes into the overall pool of taxation.

Her good literary profession (half 1). Reeves claimed to have printed work within the extremely prestigious Journal of Political Financial system. Nonetheless, we now comprehend it appeared within the lesser identified European Journal of Political Financial system. And was co-written.

Her good literary profession (half 2). Reeves’s ebook The Ladies Who Made Trendy Economics incorporates more than 20 situations of plagiarism, as she stole whole sentences and paragraphs with out credit, in response to the Monetary Occasions.

Her good chess profession. Amongst her many good achievements, Reeves in some way discovered time to grow to be “the British girls under-14 champion”. It’s true she performed within the British Below 14 championship, web site Guido Fawkes found. However she got here twenty sixth. And twenty ninth the 12 months earlier than, within the Below 13s. Some prodigy.

Bills scandal (half 1): In 2015, Reeves’s official credit card was suspended by the Impartial Parliamentary Requirements Authority (IPSA) after she claimed £4,033.63 in invalid bills. That was the third-highest sum among the many MPs concerned. This from a lady who claims she is aware of how to run a £2.7trillion financial system.

Bills scandal (half 2). A bombshell BBC exposé revealed that a whistleblower reported Reeves to bosses accusing her of spending tons of of kilos on purses, fragrance, earrings and wine whereas at HBOS. The Chancellor denies all information. As but, we don’t know if she’s telling the reality, however her monitor document is not good.

Maybe essentially the most spectacular factor about Rachel Reeves’s CV is that she’s saved her job as Chancellor for a full seven months. But when her Spring Assertion on March 26 reveals but more fanciful pondering, she could possibly be gone.

I ponder how her CV will describe her disastrous stint at No 11? Good, dazzling, extremely praised, world-changing….