Rachel Reeves is so awful, she must be secretly
working for the Tories. DT.
After single-handedly destroying Labour, one can
only wonder where her loyalties truly lie.
Brian Monteith
13 March 2025 7:00am GMT
Rachel Reeves has managed to inflict such deep damage on the Labour Party that it will likely be headed for electoral wipe-out when voters have their say. It makes you wonder if the Chancellor is in fact one of the most successful undercover agents ever to have operated for the Conservatives.
Her massive £25bn hike in employers’ payroll tax ensured that economic growth came to a grinding halt and is now becalmed. An added bonus was that it destroyed Labour’s relationship with British commerce, with even the main business lobby groups now criticising the Government aggressively.
Although surveys show business confidence across most sectors has already evaporated, the main economic hit will be taken when her tax hikes come into effect at the beginning of April – conveniently, just seven weeks before the local elections.
The timing is a tactical stroke of genius that should decimate those Labour councillors who are allowed to brave the voters. Congratulations Agent Reeves.
Together with all the other tax increases in her horror week – the first week of April – this will ensure her tax rises are one of the main issues in the minds of voters as they enter the polling booth.
No room for error
The scale of council tax increases will obviously not go unnoticed, with many Labour councils now released by Angela Rayner to set inflation-busting rises – thanks to Agent Reeves’s shortfall in funding for the additional National Insurance costs they must face as employers.But that’s not enough – Telegraph research shows our councils are levying new charges and hiking up existing ones as even higher council taxes are not sufficient to balance the books.It could be Angela Rayner is also a deep cover agent working against the Labour Party – but working in silos means neither she nor Agent Reeves would know about the damage each are doing in secret.
Their policy decisions provide a pincer movement of potentially devastating electoral consequences for Labour, worthy of being devised by legendary spymaster George Smiley
In another brilliant move out of left field, Code Red Rachel undermined all the work Labour had done in building up support in the countryside. Few realise that at the last election Labour became Britain’s largest rural party, with 114 seats.Now, thanks to Rachel’s death tax assault on farmers, most of those seats have little prospect of remaining in the Labour column.Although it will raise negligible revenue, Agent Reeves has succeeded both in turning the countryside as a whole against Labour and in ensuring that groups of farmers will now dedicate themselves to pursuing a form of organised political warfare against Labour for the next four years. It shall be a slow torture for rural Labour MPs. Exquisite work Reeves, exquisite.Car drivers are just one of the groups who will find out how aggressive Reeves’s tax increases are. New differentials she is introducing between electric and internal combustion powered cars in April’s horror week are all part of the cunning plan to stop us driving, or, if we must, to switch to electric cars.
Electric vehicles will have a first year vehicle excise duty rate of just £10 until 2029-30, but rates for petrol and diesel cars and hybrids emitting between one and 50g/km of CO2 will be increased to £110. All other rates for cars emitting 76/km of CO2 and above will actually double from their current 2025-26 level, meaning some motorists will pay as much as £5,490.
Likewise, the hefty above-inflation increases in train fares just announced can also be blamed on Reeves’s decision during the first weeks of Labour’s seismic victory to award huge pay rises to rail unions without requiring any productivity increases.Now, passengers are being shunted where it hurts most – their wallets. With nationalisation of the railway companies coming soon, we can expect even more of these financial derailments in the future.Crucially, Agent Reeves continues to undermine the credibility of Labour messaging by pumping out obviously false propaganda, such as the claim she is “putting money in the pockets of working people”, when everyone can see she is doing exactly the opposite. Reeves’s is a taker, masquerading as a giver.
In April’s horror week, Agent Reeves will take more in stamp duty after she dropped the tax thresholds for first-time buyers from £425,000 to £300,000 – while home movers face the tax on purchases over £125,000, rather than the current £250,000.
While Reeves already takes more in capital gains tax after the immediate increase to the main rate from 20pc to 24pc in October, she will take even more in April when business asset disposal relief from capital gains tax and investors’ relief are both hiked by 40pc to 14pc from April And she will take more due to her ending various business rates reliefs – for instance, average rates bills in hospitality and leisure increasing from £3,751 to £9,003 a year.Then there was introducing inheritance tax on pensions, plus ending the winter fuel allowance for 10 million pensioners. A direct hit on this large group of voters.
All of this has been stacked up before Agent Reeves delivers what is essentially her second Budget in six months on March 26.With little, if any, headroom in the public finances and the urgent need to finance the Prime Minister’s ambitions to expand our defence spending – not least in order to support his new role as the go-between for Trump and Zelensky – we can expect cuts to the social welfare budgets and further tax rises.With all that potential to wreak further damage on the Labour Party, Reeves has the potential to become the UK’s most successful undercover sleeper agent ever.
In the history of the undercover craft, Burgess, Philby, Maclean and Blunt don’t have a look-in. So long as her cover is not blown early, her real work can be revealed after the next general election – leaving the role of “M” beckoning for her.
Hold your nerve Agent Reeves. Labour’s fate is sealed thanks to your hard work and dedication to your assignment – you may not be the spy who came in from the cold, but we shall henceforth see you as The Agent who Arrived from Accounts.
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