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The historical context of Rachel Reeves
Britain’s first woman Chancellor delivers the same old fudge, as Labour’s commitment to economic orthodoxy, seen throughout its history, always betrays working people, writes KEITH FLETT
Rachel Reeves
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FOR socialists there is a good deal to be discontented about Rachel Reeves’s policies as Chancellor. The cut in winter fuel payments has rightly caused anger and talk of cuts to spending suggests an austere 2025.
While she has been engaged with socialists who have thought a good deal about the historic roots of Britain’s crisis and what might be done — such as David Edgerton at Kings College, London — it’s difficult to discern much practical influence.
Of course, a certain portion of the attacks on her are firstly because she is the first female Chancellor and the world of finance is still largely that of men in suits. Secondly, she is a Labour Chancellor. Of what stripe is entirely irrelevant to the likes of the Mail, Telegraph and GB News: it’s just Labour of any kind they hate.
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