Rachel Reeves's disastrous mishandling of the thriving economy she inherited from the Tories means the UK is heading for a full-blown financial crash – and nothing can stop it now, says Matthew Lynn.
Chancellor Rachel Reeves stood accused of losing control of the economy today as she desperately cut spending further despite record tax rises to cover a £14bn black hole largely of her own making.
The Business Secretary Jonathan Reynolds has been accused of fabricating his CV by repeatedly describing himself as a solicitor despite never qualifying – as Rachel from Accounts is caught embellishing her CV again.
David Craig has some more CV questions for Rachel Reeves. Including: was her meteoric rise to Chancellor via the HBOS complaints department due to getting an undisclosed leg-up or two from her Labour connections?
Simplistic linear thinking by Rachel from Accounts and the Treasury spawned this Budget from hell, says David Craig. A systems thinker would have known it would send the economy into a doom loop of recession and decline.
Rachel from Accounts strikes again! Businesses are cutting jobs at the fastest pace in four years following Labour's record tax-raising Budget, as (actual) economists warn of the rising risk of recession.
