We’re just days away from the Labour Chancellor’s first budget – but some have revealed their doubts over her professional history.
Questions have been raised over the chancellor’s CV. (Image: Getty)
The clock is ticking down to Rachel Reeves’s first ever budget – with many concerned about how it’s going to impact their daily lives.
But as the Labour Chancellor will be undoubtedly spending countless hours preparing for her Budget debut, doubts have been raised about her professional past.
Political website and blog Guido Fawkes has asked questions about Ms Reeves time as an economist. In an exclusive that Guido published late last night on the website, it said Revees “makes a lot of her time” working as an economist.
It claimed she’d served “in a trio of junior positions” at the Bank of England before moving to the Bank of Scotland in 2006 to work as an economist before persuing politics in 2009.
It said: “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.”
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Instead the website claimed she worked within the Halifax/HBOS Complaints team and for a small support unit which managed “administration processes, IT matters, and small projects and planning” in a unit “far from the Economics Department.”
Now Reform UK MP Lee Anderson – who represents his constituency of Ashfield – has mocked the Chancellor with a tweet posted to social media website X.
In a brutal four-word question, the former Tory party deputy chairman asked: “Oh dear…Economist or Bank Clerk? Looking forward to her budget.”
The Treasury told Express.co.uk that Reeves worked in retail banking covering various areas drawing on her background as an economist.
Meanwhile, a new analysis warns that any decision in next week’s Budget to continue the freeze on tax thresholds could cost high earners £16,500 and also put a squeeze on those on middle incomes.
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The last Conservative government froze tax thresholds for all workers from 2021-22 through to 2027-28, however the Chancellor Rachel Reeves is rumoured to be planning to continue this for another two years.
The freeze means the income threshold where people start paying tax is being held at £12,570. Tax is then paid at 20 percent on incomes from £12,571 to £50,270; 40 per cent from £50,271 to £125,140; and 45 percent above £125,140.
The effect of the freeze means that every year, as incomes rise, more people are being pulled into paying tax, or higher rates of tax under a process known as fiscal drag.
