She needs to be fired. She's a banking stooge, not a chancellor.
this post was submitted on 25 Jul 2025
15 points (100.0% liked)
United Kingdom
5186 readers
214 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 2 years ago
MODERATORS
2008 banking crisis showed that they're all banking stooges. Banks go bust for their poor management. Public bales them out. Traders get enormous bonuses, although not on the level they screwed up. Some twenty years later, the last shares were sold to the market by the government on 30 May 2025.
Actually you could argue the 1991 ERM fiasco showed that they're all banking Stooges.
The 2008 banking crisis was different IMHO. A banking collapse would have bankrupted millions of people in the UK. They then imposed rules requiring the banks to restructure to make sure customer banking is isolated from investment banking. The intent being to try to make sure they can be allowed to fail next time.
What Reeves is trying to stop happening now is exactly what those regulations were designed to allow happen. Financial institutions feel the consequences of their own actions.
Those rules were implemented in the crashes before 2008. The banks have the resources to get around them; they actually advise the government how to get their debt off-BS. You realise that's a conflict of interest, right?
The whole idea behind the PFI is that the debt is not on the government BS.
Turns out you can illegally missell products and scam customers because when you have to pay back your ill gotten gains the government will say "we can't hurt our plans for growth by refunding customer who were defrauded!"
(To no-one in particular, not OP either.)
Politician taking kickbacks or handouts or freebies, can't happen, won't happen. What the fuck did you think this is? The 2020s?!
You're insane.
I don't think even the Tories would have been brave enough to try this on.