Guido was watching Reeves’ Mansion House speech last night and noticed she limited her tenure as an “economist” to the short years she spent at the Bank of England only:
“Before entering politics, I worked as an economist at the Bank of England.
And then in financial services.”
Funnily enough Reeves has also done a bit of retrospective digital editing. She has quietly changed her LinkedIn account’s CV…
Gone is the Chancellor’s claim that she was an economist at the Bank of Scotland. She now just says she worked in “Retail Banking” at HBOS. As Guido revealed last month Reeves actually worked in a small complaints team within HBOS which managed administration processes, IT matters, and small projects and planning. Just in case you thought her experience as an “economist” justified that budget…
UPDATE: A Treasury source admits the LinkedIn was edited: “She worked in retail banking covering various areas drawing on her background as an economist. Her LinkedIn has been updated to reflect that.“
Andy Haldane, Burnham’s recent adviser on the economy who has not taken up a No10 job, told Andrew Marr on LBC:
“The market now suspects that this is a traditional tax-and-spend socialist government with better TikTok videos…
imposing windfall taxes on oil & gas or on banks or upping capital gains tax would […] repeat the mistake that Rachel made […] The Achilles heel, the fiscal Achilles heel of this government thus far has been its unwillingness and/or inability to cut public spending.”
