On Camera: Rachel Reeves Confuses Debt and Deficit

Footage has emerged from 2010, that shows a newbie MP failing to tell the difference between the debt and the deficit.

Despite boasting of her background in financial services, asked very clearly what the current national debt was, newly elected Rachel Reeves replied: “£156 billion” – the size of the UK budget deficit when the Tories came to power in 2010. She was speaking to Martin Durkin, for his documentary ‘Britain’s Trillion Pound Horror Story’:



For the record the UK’s debt at the time was around £0.76 trillion, so not like she was too far out!

Reeves would be rapidly promoted through a series of Labour financial briefs…


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In response to the news that Emily Thornberry described the Lib Dems as “like the Taliban” over their new revoke Article 50 Brexit policy, the former Lib Dem leader responded:

“Come on Emily, if we really were like a Middle East terrorist group, don’t you think Jeremy would’ve invited us to a conference fringe meeting before now?”

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