Whatever little credibility red Rachel from accounts had has now melted away as ice does after a cold spell.
How many times did we hear her say that Liz Truss ‘crashed the economy’?
Well, she doesn’t really have a clue does she really? Rachel is now facing a government debt crisis all of her very own.
Last week, the cost of borrowing reached the highest level it has been this century, surpassing the days of the Truss-Kwarteng Mini budget.
Jacob Rees-Mogg says ‘the writing is on the wall’ for Rachel Reeves
GB News
Debt to GDP is now over 100% that means our debt is larger than our economy for the first time since the 1960s which is all a bit of a problem because we found that the gilt market is the ultimate measure of confidence, and confidence is evaporating.
And instead of focusing on her job and answering questions at home to reassure the markets over the weekend, she swanned off to Red China to perform a ceremonial kowtow in the hope that it would yield a paltry £600million of investment.
Earlier today, the Prime Minister was busy extolling the virtues of AI and how it can lead to government efficiency.
So we thought it only fair to ask Elon Musk’s grok to give us a picture and share an image of red Rachel from accounts with Xi Jinping.
She may feel safe in Red China, but during the Prime Minister’s AI press conference today, he said this amidst the plunging confidence in his Chancellor:
“[I am] confident in our mission for growth, and I’m confident, completely confident, in my team.
“We never pretended, nor would anybody sensibly argue, that after 14 years of failure, you can turn around our economy and our public services before Christmas. ‘The question is, are you creating the conditions? Do you have the determination, and are you pulling the right levers for growth?”
But notably, he didn’t answer Christopher Hope’s question, ‘Will Rachel Reeves be the chancellor at the next election?’
A Government spokesman later clarified that she would be. But as everyone knows, when the Prime Minister has to declare confidence in a minister, the writing is on the wall.
And for those of you who remember your scripture lessons, you will recall that it says to Red Rachel ‘you have been weighed in the balances and found wanting’.