Rachel Reeves Was Never an “Economist” at the Bank of Scotland, Investigation Reveals

Rachel Reeves claims that she worked as an “economist” at the Bank of Scotland before entering politics. But a new investigation has discovered she was in fact a mid-level administrative support worker, not an economist at all. Guido has the story.

After serving in a trio of junior positions at the Bank of England, Rachel says that in 2006 she moved to the Bank of Scotland (HBOS) to work as an “economist,” before leaving in 2009 to serve as MP. Guido spoke to colleagues of Reeves’ from her Bank of England days – one described her as having a reputation for being “f***ing useless”. …

The Chancellor states on her LinkedIn that she was working as an “economist” at HBOS. This is not true. Guido can reveal that Reeves worked in a mundane support department at the bank, according to multiple former colleagues. Within the Halifax/HBOS Complaints team there was a small support unit which managed administration processes, IT matters, and small projects and planning. It was a team of three people far from the Economics Department. Reeves held a mid-level position. HBOS was acquired by Lloyds in 2009 and the Chancellor left in December of that year to pursue a career in politics.

Worth reading in full.

No wonder she’s making such a hash of things. As the Telegraph‘s Matthew Lynn points out, her ‘rinse the rich’ Budget has already backfired as Britain’s millionaires flee the country in droves. The problem is, she and Starmer “chose to ignore the warning that in a world far more mobile than ever much of the wealth they were targeting would simply relocate elsewhere. Their Budget plans are now in tatters as their Treasury officials point out that the Government will collect less money instead of more”. Any half-decent economist could have told her that, of course.

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MajorMajor
MajorMajor
1 year ago

Presumably BBC Verify is on the case…?

FerdIII
1 year ago
Reply to  MajorMajor

BBC: ‘we have fact checked this and determined that a mid level secretary is of course the equivalent of a certified economist and performs exactly the same duties with the same output (zero + unintelligible); therefore the claim that Reeves is a lying oaf and a typical corrupt politician is simply misognystic fascism and false.’

MajorMajor
MajorMajor
1 year ago
Reply to  FerdIII

Well, Marianna Spring inflated her CV too, so I guess she will be able to overlook this small discrepancy.

Grim Ace
Grim Ace
1 year ago
Reply to  MajorMajor

Many women inflate their experience and knowledge. That is why we are collapsing. Anyone noted that the west had been on a downward spiral ever since women started to get control of things. And I include Margaret Thatcher in that.

huxleypiggles
1 year ago
Reply to  MajorMajor

Only “presumably.”

Jeff Chambers
Jeff Chambers
1 year ago

How wonderful to have the high offices of state occupied by such wonderful people. How wonderful to have liars capable of this, the most wonderful lying. How wonderful to have liars who can tell lies of such dexterous subtlety that they can’t ever be found out. Truly amazing.

What a lucky country to have such rulers.

JohnK
1 year ago

But aren’t there any competent Civil Servants in the Treasury? Only joking.

transmissionofflame
1 year ago

I know a real economist and he doesn’t believe in magic money trees

EppingBlogger
1 year ago

He must be over 40 because universities have not been teaching that sort of thing for a very long time.

transmissionofflame
1 year ago
Reply to  EppingBlogger

He is not even 30 yet but seems like he is an independent thinker. He told me his dad was a “conspiracy theorist” – that probably helped!

huxleypiggles
1 year ago

And to make a bad day even worse…

‘Chancellor Officially Rewrites Fiscal Rules to Fund More Borrowing.’

This country will be declared bankrupt within twelve months.

https://order-order.com/2024/10/24/chancellor-officially-rewrites-fiscal-rules-to-fund-more-borrowing/

Norfolk-Sceptic
Norfolk-Sceptic
1 year ago
Reply to  huxleypiggles

How could anything go wrong?

huxleypiggles
1 year ago

Of Reeves:

“Within the Halifax/HBOS Complaints team there was a small support unit which managed administration processes, IT matters, and small projects and planning. It was a team of three people far from the Economics Department. Reeves held a mid-level position.”

A mid level position in a team of three, so one next to the bottom…in a mundane support department far from the Economics Department. On top of which and to cap it all she had a reputation for being f***ing useless”

Our esteemed chancellor – no need for capital ‘C.’

https://order-order.com/2024/10/24/chancellor-officially-rewrites-fiscal-rules-to-fund-more-borrowing/

Purpleone
1 year ago
Reply to  huxleypiggles

Got to hand it to her really – going from that, to MP, to COtheE is quite some feat (even if she is useless!)… the question is when does the Peter principle kick in… feels like ‘now’

huxleypiggles
1 year ago
Reply to  Purpleone

She’s nothing more than a tidier version of Ranting but this front bench is one hell of an indictment at the heart of our establishment. Add on top some thick and corrupt judges and well, what’s the difference between us and Nigeria?

Bozo Haram I suppose although it would appear they are already resident in London.

Mogwai
1 year ago
Reply to  huxleypiggles

Speaking of corrupt judiciary, this regarding Tommy Robinson’s upcoming court appearance;

”Well isn’t that interesting. Nobody ever served Tommy Robinson
properly with an injunction prohibiting him from showing Silenced.

The Government (prosecuting him on the orders of Hope Not Hate) know this but claim legal process doesn’t matter for Tommy Robinson.”

https://x.com/brianoflondon/status/1849428112708169878

Look at these nobtards who’ll be there on the 26th;

”The con-artist formerly known as Stephen Yaxley-Lennon will never speak for the decent majority of people in this country.”

https://x.com/nowak_paul/status/1849116551485735165

Mogwai
1 year ago
Reply to  Mogwai

Here he is explaining about the injunction himself, though he’s fully expecting the worst and that he’ll end up in Belmarsh in solitary confinement;

https://x.com/dshensmith/status/1849435913077572055

The Real Engineer
The Real Engineer
1 year ago
Reply to  Mogwai

How is it that suddenly one of the best respected legal systems in the World has changed to something which allows totally innocent political prisoners to be jailed? I know Stalin is in charge and cares not for the law, or it’s proper operation? Dictators are al the same and we suddenly seem to have one, and the system is doing exactly and everything he wants. Be very afraid because N. Korea is coming here!

MajorMajor
MajorMajor
1 year ago
Reply to  Purpleone

It’s simple, really.
This is how it works:
It doesn’t matter that she’s clueless.
It doesn’t matter that she’s incompetent.
It doesn’t matter that she’s inadequate.
The only thing that matters is that she’s one of us.

Norfolk-Sceptic
Norfolk-Sceptic
1 year ago
Reply to  Purpleone

It’s what Labour do.

Grim Ace
Grim Ace
1 year ago

Feminist midwit. Promoted because she had a vagina. What in God’s name have we become. Bring back the strong MEN.

brightlightsweetown
brightlightsweetown
1 year ago
Reply to  Grim Ace

When we have in power men so strong yet cannot define what a woman is, that’s approx 50% of the population, it’s the strong men who are dim.

Brett_McS
1 year ago

Administrative support sounds likes it’s support for administration, which is itself support for production.

Elizabeth Hart
1 year ago

It’s mind-boggling to think that Starmer and co are ruling the UK with only 20% of the electorate voting for the Labour Party.
80% DID NOT vote for them!
https://researchbriefings.files.parliament.uk/documents/CBP-10009/CBP-10009.pdf

Purpleone
1 year ago
Reply to  Elizabeth Hart

That’s the system we have and how it works – or doesn’t work, depending on your point of view

davidcraig68
davidcraig68
1 year ago

Reeves may be completely useless. But wasn’t her predecessor as Labour Shadow Chancellor the gormless Annelise Dodds? That would have been even worse. Annelise Dodds would have been the David Lammy of our economy.

Myra
1 year ago

So is misinforming people about your credentials electoral fraud?

The Real Engineer
The Real Engineer
1 year ago
Reply to  Myra

Of course it is, and should be an imprisonable offense!

Gezza England
Gezza England
1 year ago

As is registering to vote at both your houses while failing to pay capital gains tax.

Epi
Epi
1 year ago

Looks like her erstwhile colleagues were spot on about the little lady.

The Real Engineer
The Real Engineer
1 year ago

We are now entirely ruled by liars. I wonder if they got the idea from Boris or the Covid crew? All liars.

Hardliner
1 year ago

I trust that Guido has checked out these claims too: After sitting A-Levels and achieving four As[8] in politics, economics, mathematics and further mathematics, she studied philosophy, politics and economics at the University of Oxford, where she was an undergraduate student at New College, achieving a 2:1 Bachelor of Arts degree in the year 2000.[9] She then obtained a Master of Science degree in economics from the London School of Economics.[10]

Hound of Heaven
Hound of Heaven
1 year ago
Reply to  Hardliner

I attempted to confirm someone’s educational achievements recently. Apparently this cannot be done without the person’s formal consent. The reasoning being, that if they refuse it, there is cause for concern. These A Levels are astonishing achievements for a pupil of the erstwhile Cator Park Comprehensive School in South London. Doubtless she will produce the certificates in a timely manner.