Reeves Claims Truss’s Mini-Budget Caused Interest Rate Hikes

Wikipedia economist Rachel Reeves has just told pool cameras that interest rate rises, which began in December 2021, are somehow the direct consequence of Liz Truss’s mini-Budget. A mini-Budget produced a full ten months later.

“Liz Truss’s mini-budget last year set in motion the economic turmoil and the increases in interest rates that we’ve experienced here in the UK.”

Truss, when not busy time travelling back to 2021, is also apparently responsible for the US economy as well. Today the US Federal Reserve held their interest rate range at 5.25%-5.5%. Guido will save Rachel the Googling and tell her 5.5 is a bigger number than 5.25. Asked about this on camera, Reeves simply ignored the question and talked about growth. A topic which has landed her in hot water before…

mdi-tag-outline Fact check interest rates
mdi-account-multiple-outline Liz Truss Rachel Reeves
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