Chancellor Rachel Reeves looked set to leave Britain even worse off than she found it (Image: Getty)
Apologies for mangling Jane Austen's famous line but it seems appropriate. Rachel Reeves inherited a mess from the Tories but she's only made it worse and yes, Pride and Prejudice does come into it.
Pride, because Reeves deluded herself into thinking she knew how to run a modern economy when she didn't.
by Taboola by Taboola
Sponsored Link Sponsored Link
Promoted Links Promoted Links
These Never-Driven Trucks in Las Vegas Are Selling for Dirt CheapTrucks | Search Ads Learn More
Undo
DON'T MISS
Powered by
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
Liz Truss backs Rupert Lowe's bid to stop Labour and Bank of England 'printing money'
211 Comments
The solution to Rachel Reeves' ￡2.7 trillion economic mess is staring us right in the face
324 Comments
Bond investors are taking revenge on Rachel Reeves for Labour's lies - and won't stop now
1024 Comments
Growth, jobs, stability and now the pound - Rachel Reeves destroys everything she touches
397 Comments
Chancellor Rachel Reeves's troubles are only just beginning
81 Comments
Bank of England interest rates fears as new forecasts issued
15 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
83 Comments
What Is the Rejoyn App, and How Does It Help with Depression?GoodRx
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
POLL: Should Rachel Reeves be in China while the pound plummets?
239 Comments
Rachel Reeves dealt 'low credibility' in market blow as economist makes China trip quip
32 Comments
Why everyone is excited about this $59 New Blood Sugar Smartwatch?Ribili Shop Now
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Bank of England boss jets off as UK economy hits crisis and pound plunges
90 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
28 Comments
Dana Delany, 68, Shows Off Her Perfect Figure In A New PhotoWeight Loss Groove
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves has made her biggest mistake yet - and your tax bill is about to rocket
649 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
19 Comments
They were so beautiful before; look at them now; number 10 will shock youPoshland
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
Hang A Bag Of Water With Pennies Outside Your Front DoorLifeHackGuru
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
Looking for a soulmate!Mexicanloves Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
After 30 Years At NBC, This Is Her SalaryInvestructor
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
Liz Truss backs Rupert Lowe's bid to stop Labour and Bank of England 'printing money'
211 Comments
Homeless Man lives in a Cardboard House on the Street - Look at the interiorTips and Tricks
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
The solution to Rachel Reeves' ￡2.7 trillion economic mess is staring us right in the face
324 Comments
Bond investors are taking revenge on Rachel Reeves for Labour's lies - and won't stop now
1024 Comments
Made for comfort and style!Thriftomy Explore
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Growth, jobs, stability and now the pound - Rachel Reeves destroys everything she touches
397 Comments
Chancellor Rachel Reeves's troubles are only just beginning
81 Comments
Learn More: Chronic MigraineGoodRx Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Bank of England interest rates fears as new forecasts issued
15 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
83 Comments
POLL: Should Rachel Reeves be in China while the pound plummets?
239 Comments
Rachel Reeves dealt 'low credibility' in market blow as economist makes China trip quip
32 Comments
Bank of England boss jets off as UK economy hits crisis and pound plunges
90 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
28 Comments
Rachel Reeves has made her biggest mistake yet - and your tax bill is about to rocket
649 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
19 Comments
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
Prejudice, because last year's Budget was an ideologically motivated attack on business that has horribly backfired.
Labour is taking money from the public sector – via ￡40billion worth of tax hikes – while borrowing another ￡30billion.
Powered By
00:00/01:05
10 Sec
89.3K
13
Budget 2024: Sky's Beth Rigby reacts to Rachel Reeves' budget
Next
Stay
Most of that will be poured into an unreformed public sector, where productivity hasn't increased this millennium.
Sponsored
KK Fashion | Search AdsG-String Sets You Can't Afford to Miss
Undo
by Taboola by Taboola
Reeves is diverting money from the productive area of the economy, into the unproductive one. Then wonders why the UK isn't growing.
As well as pride, prejudice and tax hikes, Reeves has shown little economic sense and zero political sensibility.
Her decision to talk down the UK economy was a disaster. It killed the growth she was hoping to generate overnight.
Now we're possibly heading into a recession.
By way of a good old-fashioned sterling crisis, if last week’s events are any guide.
Don't miss... 'Rachel Reeves shoots herself in foot AGAIN - kills UK's last chance of growth' [LATEST]
UK borrowing costs have just hit the highest level this millennium. Yet Reeves chose this moment to borrow a staggering ￡297billion.
Heaven knows who's going to lend us that and how much we'll have to pay them.
Reeves may dress like a Bank of England trainee but displays all the recklessness of an entitled Regency fop gambling the family fortune at the card table.
She broke her own "unbreakable" fiscal rule to justify borrowing all that extra money, and is now finding her sums don't add up.
The Office for Budget Responsibility will publicly report on whether she'll meet her fiscal rules on 26 March, but it's already started leaking its conclusions.
OBR sources now say she’s on course to overspend by ￡600million, according to today's The Sunday Times. If gilt yields rise higher, so will that figure.
So much for unbreakable. So that was just another lie too.
Which means we're either looking at tax hikes or spending cuts in a hurried Spring statement, as Reeves desperately tries to calm markets and stop our borrowing costs rocketing higher.
Don't miss...
'Bond investors are taking revenge on Reeves for Labour's lies – and won't stop' [LATEST]
'Desperate Rachel Reeves could hike taxes AGAIN this spring – here’s how' [INSIGHT]
Brutal weather maps show 470-mile snow bomb set to hammer the UK [REVEAL]
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
It didn't take me long to come up with 20 errors that Rachel Reeves has made since being appointed Chancellor.
I'm still struggling to think of something she's got right. She has to change that, fast. I don't think she will, and here’s why.
It requires an entire ideological reset.
Instead of battering the private sector while buttering up public sector unions, Reeves must liberate enterprise to attract capital and revive economic spirits.
She needs to grant tax breaks to encourage investment, overhaul business rates and stop predatory foreign private equity companies picking off UK companies on the cheap.
Cutting stamp duty on share transactions and property purchases would also get the economy – and people – moving again.
DON'T MISS
Powered by
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
Liz Truss backs Rupert Lowe's bid to stop Labour and Bank of England 'printing money'
211 Comments
The solution to Rachel Reeves' ￡2.7 trillion economic mess is staring us right in the face
319 Comments
Bond investors are taking revenge on Rachel Reeves for Labour's lies - and won't stop now
1024 Comments
Growth, jobs, stability and now the pound - Rachel Reeves destroys everything she touches
397 Comments
Chancellor Rachel Reeves's troubles are only just beginning
81 Comments
Bank of England interest rates fears as new forecasts issued
15 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
83 Comments
Seniors Born 1941-1979 Receive 7 Benefits This Month If They AskSeniors Discounts Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
POLL: Should Rachel Reeves be in China while the pound plummets?
239 Comments
Rachel Reeves dealt 'low credibility' in market blow as economist makes China trip quip
32 Comments
Tyrus Steps Out With His Famous Wife And Fans Are StunnedThe Noodle Box Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Bank of England boss jets off as UK economy hits crisis and pound plunges
90 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
28 Comments
New and Permanent Teeth in 24 Hours - Life Changing!G4 By Golpa Learn More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Rachel Reeves has made her biggest mistake yet - and your tax bill is about to rocket
649 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
19 Comments
Aaron Rodgers Reveals His New Girlfriend & You Will Easily Recognize Her.The Mom Pack
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
Norah O'Donnell, 50, Shows Off Her Perfect Figure In A New PhotoThe Noodle Box Read More
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
Pole Vaulter Gave Fans A Little Too MuchNovelodge
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
She Was Everyone's Dream Girl In 90's, This Is Her Recently.Daily Mental Vitamins
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
Liz Truss backs Rupert Lowe's bid to stop Labour and Bank of England 'printing money'
211 Comments
At 48, Tiger Woods Shows the Inside of His House, Take A LookLittle Fries
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
The solution to Rachel Reeves' ￡2.7 trillion economic mess is staring us right in the face
319 Comments
Bond investors are taking revenge on Rachel Reeves for Labour's lies - and won't stop now
1024 Comments
30 photos that really make you thinkHigh Tally
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Growth, jobs, stability and now the pound - Rachel Reeves destroys everything she touches
397 Comments
Chancellor Rachel Reeves's troubles are only just beginning
81 Comments
Husband Leaves Sick Wife For His Mistress. When He Returns For Her Inheritance, She Does Thisfreshinfospot.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Bank of England interest rates fears as new forecasts issued
15 Comments
Rachel Reeves Budget changes could lead to Sainsbury's price rise
83 Comments
POLL: Should Rachel Reeves be in China while the pound plummets?
239 Comments
Rachel Reeves dealt 'low credibility' in market blow as economist makes China trip quip
32 Comments
Bank of England boss jets off as UK economy hits crisis and pound plunges
90 Comments
Rachel Reeves 'adds more than ￡1000' to mortgage bills as economy blunders add up
28 Comments
Rachel Reeves has made her biggest mistake yet - and your tax bill is about to rocket
649 Comments
Rachel Reeves issued 'dire' warning as UK economy marks 'staggering' milestone
19 Comments
Things can only get worse for Britain with Rachel Reeves controlling economy
111 Comments
Rachel Reeves on knife edge as new blunder wastes another ￡6billion of our money
872 Comments
'Car crash!' Andrew Neil blasts Rachel Reeves as he predicts 'end of Labour'
61 Comments
Urgent warning as economic crisis looms because Reeves ‘cannot make the damn sums work'
838 Comments
700,000 home buyers face higher bills after Bank of England interest rates warning
1 Comments
Rachel Reeves defends China trip as Labour MPs say she's 'out of her depth'
481 Comments
'Where is the Chancellor?' Top Tory erupts as Rachel Reeves misses Commons grilling
60 Comments
4 Insane Cards Now Charging 0% Interest Until Nearly 2027
Undo
Stop Paying Interest With These 2 Cards—0% Until 2026
Undo
3 Insane Cards Now Charging 0% Interest Until Nearly 2027
Undo
Lock in 0% Interest Until 2026
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Affordable Camper Vans That Won't Break the Bank (Explore Here)Local Plan
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Hilarious photos of animals caught doing funny thingsADAPT Network
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Itchy Skin: A Silent Symptom of AD (Must Know)Atopic Dermatitis | Search Ads
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
She should also reverse her planned national insurance raid on employers.
Reeves won't do any of these things. It’s not in her statist Labout mindset. So she’ll just tinker and pretend.
The remainder of her tenure looks set to be “a succession of busy nothings”, to quote Jane Austen again. And we’ll foot the bill. In the shape of higher taxes, lower growth and lost jobs. It's going to be a humbling experience.