Reeves’ team is scrambling after Guido revealed she claimed her business occupation was “economist'” on legal documents at a time she has since admitted she was not. Hilariously, the latest spin from her team is that she is “an economist by trade”. “By trade” doing a lot of heavy lifting there…
Treasury sources are now also saying “Rachel Reeves was a trained economist that worked in financial services.” Translation: she wasn’t actually an economist at the time she said she was…
Meanwhile, Number 10 still refuse to answer whether she broke the ministerial code by editing her LinkedIn CV, and Tories continue to accuse Reeves of “brazen lies”, being “bang to rights” and having “serious questions to answer” after Guido’s story last night. No amount of valiant efforts from her team seems likely to bury this one for the Chancellor…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”