Rachel Reeves doomed pensioners will hate potty-mouthed lunatic up next | Personal Finance | Finance
If you thought Rachel Reeves was a tricky customer, just wait for Torsten Bell (Image: Getty)
Sir Keir Starmer appears to have had enough of Rachel Reeves. He delivered a public snub by failing to invite her on his three-day China trip, despite using it to drum up business and parade Britainās economic ambitions.Ā Insiders say she was āspitting feathersā at being left behind and now fears for her job.
It seems the PM has finally lost patience with our misfiring Chancellor. Most Express readers will have the same response: what took him so long? Most will spotted her shortcomings within weeks of the 2024 election. Reeves was caught fiddling her CV and hoovering up freebies, while deciding that scrapping the winter fuel payment was actually a good idea.
Then came her maiden Budget, when she trashed Labourās manifesto tax pledges to hammer us with Ā£40billion of hikes, including a ājobs taxā thatās helped send unemployment soaring.
She followed that last November by delivering the most chaotic Budget in modern times. Starmer isnāt quick on the uptake, but even he clocked something is badly wrong.
Reeves may still be in post, but sheās now a lame duck. Unfortunately, the line of succession is grim.
Read more: Rachel Reeves furious with Keir Starmer as she faces axe – ‘Spitting feathers’
Read more: Keir Starmer has finally lost patience with Rachel Reeves
The bookmakersā favourite is Pat McFadden, currently Work and Pensions Secretary. He was the man sent out to front yesterdayās bombshell decision to break Labourās pre-election promise to compensate Waspi women, a move campaigners called disgraceful.
McFadden ran Labourās election campaign and remains one of Starmerās most trusted lieutenants. Given that the party’s campaign was built on a pack of false promises and outright lies, thatās hardly a ringing endorsement.
Still, McFadden isnāt the one who really worries me. That would be the man creeping up behind him in the betting.
Iāve written about him before. In December, I called him a potty-mouthed tax addict with pensioners firmly in his sights.
That wasnāt colourful exaggeration on my part. It came from reports of his behaviour during last yearās pre-Budget meetings, where this āpumped-upā pipsqueak swore, wailed and ranted, shouting over anyone who tried to speak, no matter how senior.
According to the left-wing Observer newspaper, āspeaking fast and furiously, Bell embarked on a foul-mouthed tirade⦠It was āfck this, fck that, weāve got to fck them all and then weāve got to fck them some moreā.ā
Bell has kept his head down since, and with luck washed his mouth out. But yesterday he resurfaced in Parliament, sitting right beside McFadden as the Waspi decision was announced. And what did he do? Yawned.
Fresh-faced, foul-mouthed: Torsten Bell loves tax (Image: Getty)
The Waspi women noticed. Their spokesman said: āTorsten Bellās yawning moment is yet more evidence of the bored contempt with which ministers view the harm caused to millions.ā
It was hard to miss. Screamingly performative. And contempt is exactly the word.
Fresh-faced but foul-mouthed, Bell has form here. He believes pensioners have it too easy, while younger generations pick up the bill. His answer is to tax the older generation relentlessly.
Before entering Parliament, he spent a decade at think tank the Resolution Foundation dreaming up new ways to hike taxes on pensions, inheritances, capital gains, savings, ISAs, housing, cars, farmers, just about everything going. He drew up a staggering 20 tax demands in total. Reeves has steadily been ticking them off.
Naturally, Bell has previously called to scrap the state pension triple lock too, calling it “silly”. Although I bet he uses other words in private.
If Reeves goes, McFadden suddenly looks like the least bad option. Because if Torsten Bell ever gets his hands on the Treasury, pensioners will be the ones cursing.