Is Rachel the worst Chancellor in history?
As we approach the end of of 2024 it seems Rachel has trashed the economy. She inherited a rather pathetic economic growth of 0.4% from the conservatives and inflation was 1.7% so in real terms we were getting poorer by 1.3% per year under the conservatives. Well Rachel has managed to wipe out the 0.4% growth (it's now 0% for the last quarter) and managed to raise inflation from 1.7% to 2.6% so we are now getting poorer 2.6% per year. So in real terms she has wiped out £62.4 Billion. She has literally made every single person in the UK £918 worse off - and that's before the real pain and suffering comes into effect in April. In cockney slang a Monkey is £500 and a Rachel is £20Billion. She has wiped out 3x Rachels !! So much for the mythical £20 Billion blackhole - she's not just imagined the Tory's blackhole but created 3x more.... The Resolution foundation calculated that the Liz Truss mini budget cost the economy £30 Bn whereas Rachel has cost us £...