ACcording for Treasury Sources, Rahel reeves The public wants to start taking risks again.
The analysis she is working It is the financial accident of 2008-in which it was observed that many banks fall under or need to be nationalized-the country has made the country very risky.
But the biggest risk taking can be well Be a chancellor yourself, With its plans to free the mortgage market and slash red tape for financial services in the city.
Like many gamblers, however, Spin of Ms. Reeves’ Financial Services Roule Wheel, she should be declared House house speech this eveningTo a large extent is inspired by the fact that she is running out of options.
Finally, when Labor won the election a year ago, Ms. Reeves came to the office with economic development as her “number one mission”.
For “G7 having the best economic development”, it is really negligible and in fact, it has moved slightly backwards in the last quarter.
She also insisted that she did not want to increase tax, and even during the election she would like to cut tax. Once in power, however, he overthrown fuel with an increase of £ 40BN tax in his first budget, has increased the contribution of the employer in most national insurance that is now affecting the jobs market.
Efforts to spend under control by dealing with welfare are finished with a U-turn on the winter fuel payment deduction for pensioners, the cost of £ 1.25BN, and the planned welfare deduction is mostly on the disability benefits, which costs 5 pounds.
Disappointment and pressure on Ms. Reeves could not be better Rolling his face downwards than tears During the recent session of PMQ, where Prime Minister Kir could not even guarantee his future as a stormer Chancellor.
After that unfortunate incident, the break he got, Sir Keer was forced to give him a belted vote of faith to believe that he could be dismissed.
But now, faced with the possibility that he would still have to bring more painful, development-killing taxes-so-called money tax on pension funds or dividends, or freeze the income tax threshold and freeze the threshold, or the two-MS Reves has only one way to find development.
This is to return to the model of 2008 on financial services and hostage to encourage investors and buyers to encourage them to take risks again.
This is the one who feeds high growth which is the characteristic of the final labor government under Tony Blair. Most of the economic success of the country floated on the city’s ‘Gate Rich’ model.
The problem is that the result of that model was 2008 when the Deragulated Financial Services Industry took many risks a lot, and the blogbell economy was immersed in crisis, taking the entire banks with it.
A part of the cause was due to the hostage market, where it was very easy for people to borrow uncertain amounts that they could not pay back into the so-called sub-prime mortgage.
Ms. Reeves is shaking his head back in that direction. By increasing people hostage and rationing ration from 3.5 times the salary to 4.5 times, they are not repeating the mistakes of the 2000s where people can really prove their income.
However, she is slowly moving in that direction and it brings a huge risk, as well as the possibility of short-term economic development.
Possibly more concern for Ms. Reeves, however, it is that if it does not work and the bonfire of red tape does not produce an increase in the country’s wealth, she needs to help fund the bill for public expenses before the next election.
If so, there can be no other dice to throw Ms. Reeves. And, despite his recent assurance, it may mean that the Prime Minister is looking for someone else to work.
