It's some what..... STRANGE..... CENTRALISED GOVERNMENTS. seriously talking about HUGE..... ECONOMIC..... Black Holes.... And yer as shown BILLIONS of. LEGAL UK CITIZENS PRECIOUS FINANCIAL RESOURCES. FLOWING INTO ILLEGAL MIGRATION TO THE SOVEREIGN NATION OF THE UNITED KINGDOM NO. LIMIT OF NUMBERS SET BY CENTRALISED GOVERNMENT AND. NO. LIMITATIONS ON ONGOING FUTURE FINANCIAL EXPENDITURE...... IN OTHER WORDS. SPEND. WHAT. EVER. IT. TAKES. JUST MAY BE. SOME. COHESIVE AND LOGICAL EXPLANATION CAN BE PUT BEFORE THE UNITED KINGDOM AND IT'S TAX PAYING CITIZENS. AS. TO THE SIMPLE. BUT EVER MORE PRESSING QUESTION................. WHY...........?

This woman Reeves is lying about a black hole in the economy theres plenty of money for ridiculous green projects she is using it as an excuse to shaft the honest British pensioners in this country with more to come get rid of Labour NOW

Probably lies just to hike up taxes

Nothing she didn’t already know

Owen Jones did a piece on this and disclosed that Labour was well aware of UK debt. Labour just did not want to say much on it to after the election. Perfect excuse for cuts and taxes. UK needs to make or save 20 billion just to stand still.

Reeves needs to leave pensioners alone and focus on taxing the richest 2-3% of the population, who are currently undertaxed.

They do not know how to cope with it just hit the pensioners for money.

Andrew Bailey joins experts pouring cold water on Rachel Reeves' economic claims. She lied.

We didn't know ....... YES they did. The opposition has access to the same data the government has. Labour knew before the election.

Sorry I turnrd off at "... were there really 20 something billion pounds of unexpected commitments that we could OF known about before." Could OF? Of? I thought you lot had at least reached the SATS standard of English . FFS. Bye

Oil, gas, electricity are free earth resources like water. All that needs to be maintained is the network.

Surely, the people who now own the debt control the government. Wouldn't that be the Bank of England, which is arguably why Liz Truss was ousted so quickly?

In the early 1980’s after advice from a financial advisor I took out a pension with Allied Dunbar, which later became Zurich. I paid the Allied Dunbar pension for a short while, until I joined my employers pension scheme, Marconi. The Marconi Pension scheme did not allow its members to have an additional pension with another provider, so I immediately cancelled my pension with Allied Dunbar. I had only contributed to the Allied Dunbar scheme for a short while, and the capital accrued was minimal, but the annual statements highlighted the fact that the funds were diminishing rapidly. The funds I had accrued were being paid to the Financial Advisor who received an annual fee from Allied Dunbar. I have been informed that the Financial Advisor received approximately 25% of the value of the pension annually, which seems about right, since after 4 or 5 years my fund was zero. The Financial Advisor had failed to tell me how lucrative this was for him; and had I know I would not have taken out the Pension. With hindsight, he was somewhat devious and taking advantage of my stupidity, had me sign away my COD which at the time I was oblivious to what COD was, and I did not know what it was until almost 20 years later when I discovered its existence and consequences of my ignorance. When the fund was zero and Allied Dunbar informed me the Pension was closed and I was not entitled to any pension from them. In 2002 after 44 years of continuous employment, I was approaching 60 years of age and compounded with the fact that I was being made redundant and I contacted the UK Government Department for Works & Pensions, requesting a projected pension. I was told by the Department for Works & Pensions what my projected pension would be, but because I had been contracted out (COD) and the Additional State Pension was being paid to Allied Dunbar. I would loose almost all of my additional pension The current weekly Additional State Pension I would receive at time of writing would be £155.24 and I was advised to contact Allied Dunbar. I had no idea that my UK Government contracted out contribution was being paid to Allied Dunbar (Zurich); in fact, I was never aware that any money was being paid to Allied Dunbar after I had terminated my contract, almost 20 years earlier. Any correspondence I had received from them in the meantime was irrelevant Sales Literature since I had no ties to them. I contacted Allied Dunbar (Zurich) and told them what the Department for Works & Pensions had told me, and could they give me a indication regarding the amount of pension I would receive from them. They told me, they had no legal obligation to pay me anything and the best I could expect was £7 per annum, and they, Zurich did not offer pensions and they would have to involve a third party. They also told me they had disposed of all the relevant documentation when Allied Dunbar “merged” with Zurich. I was horrified and promptly contacted an Ombudsman; who informed me that whilst he had no prior knowledge regarding Contracted Out Pensions, he would look into the matter for me. I provided the Ombudsman with all the relevant documentation, since Zurich had informed him they had no documentation. The Ombudsman eventually contacted me and told me he had ruled in Zurich’s favour on the grounds that I should have been more financially aware of Contracted Out contributions to Private Pensions. I was somewhat annoyed at his remarks, since he too had no idea at the onset of his enquiry. I contacted my local MP at the time, and he told me he would investigate the situation. I understand this is the outcome, but hearsay only, any Private Pension Scheme which receives Contracted Out contributions, is legally committed to pay no less than the pension the recipient would receive from the Department for Works and Pensions. Sadly this is not retrospective, and as a consequence I have found it more difficult to survive financially, than should have been the case. I made two fundamental mistakes, the first, begin somewhat ignorant regarding pensions, in particular COD, but the second, which has had a devastating impact on me, trusting a Financial Adviser and the Institutions funding them. To date I have LOST only £122,000.00 by taking out a private pension.

Life is only going to get worse under the tyranny of Labour with their extremist hard left policies. In a matter of a few years Britain under Labour will become oppressive and they will use the Police just like the GDR used the Stasi to control thought and speech through fear and psychological torture. Personal liberty will be curtailed.

Adjusting the level at which point Pension Credit kicks in is well overdue. Then the changes make perfect sense.

She is a liar she would be privy to that as the opposition party you only have to watch questions and answers in parliament every question is written down and so are the answers otherwise they are full of bull shite

Taking money from the poorest of the poor is a bad start to labour . Rachelle reeves don't tell you that all M.P.S. get there energy bills paid . Horse stables electric Swimming g pools heated 2nd homes free charge. Labour should start at home Tories fraudsters MICHELLE MONE ..

Do remember some people on a basic pension and possibly entitled to pension credit..many live with or are supported by family ..so feel no need to make a claim ..or families prefer a parent not to claim … I knew a few pensions enjoying this life and have families to cover their living costs .

Nothing extra she knew about every thing she had access to the books since March of this year

I remember seeing in the HOC that the money they planned to spend would create a black hole, she and the voters were forewarned. But why target pensioners.

It uncovered that Labour have lied in opposition and are lying right from the start of being in office!

No but her porkies now smell of desperation

Riots across the country, it's all about the economy stupid. Cutting will never produce growth.

You would think that is a simple question, there will never be an answer to it !!!!!. R

And how much is this government paying out on interest on the national debt. The amount of interest payable on the national debt in 2024-25 is expected that debt interest spending will total £89.0 billion. That would represent 7.3 per cent of total public spending and is equivalent to 7.3% of total government spending. Overseas aid 5 .3 billion, added on to the refugee program relief in the uk another 10 billion we will round it down to 14 billion. My conclusion is this country can spend freely on other countries and its citizens whilst it has no money for its own citizens.The national debt was ran up by both labour and the conservative parties yet neither chose to do anything about it but allow it to grow. Now labour is in power and what are they talking about not saving money but taxing more to spend more, and that is the problem profligate spending by big governments regardless of the colour of the rosset they wear.

INTEREST RATE HAS,NT ADJUSTED PRICES

Rachel Reeves uncovered nothing. She is lying because her so-called black hole is her miscalculation of the figures made available by the civil service. Which they make available to every new government.

Liebor must get the money for their paymasters.

When you know money will be needed and nothing is registered. Hat is not acceptable. Some judgement must be applicable and an estimate included but to do nothing when billions are involved is not acceptable.

The whole lot needs to be shut down and started again.. Tories, Lie Bore and the toolmaker's son, the big tool. ALL of them are in it for their own money-grabbing reasons, apart from Reform who have a real passion and a mission to change things fr he better

Last labour government left a £158 billion deficit in real money not a wishlist that never happened. Labour are sending over £11 billion abroad for climate emergency rubbish. Pull the other one, its all lies

She s a liar she still gets the same amout of money to spend as the conservative did. HOW SHE SPENDS IT IS UP TO HER.. She as chosen to take 300 pounds from pensioners She as decided to give junior doctors 22% pay increases Weak Woman As now encouraged the GPs to strike. Miliband gives 11 billion in foreign aid for eco projects. Totally disgusting decision.

Robber Reeves should hold her head in shame

And what happens when a great additional raft of pay claims rolls in as winter approaches? Is the policy to kill off pensioners with hypothermia?

Reeves is making her choices and Labour is in charge, she choose senior citizens over a windfall tax on energy companies or restricting illegal immigrants, actually Labour are going to increase the burden on illegal immigrants, they are also paying public sector workers twice the rate of inflation, she could have taxed higher rate tax payers who are able to afford it, the increased deaths of Senior Citizens will be on her hands this Winter and its her choice, Rachel the Reaper!?!

She is conning you.

So Rachelle's new favorite tag line 'if we can't pay for it we can't do it' - then she awards pay rise of ~ 9.5 Billion without any challenge on conditions for 'Productivity' and then tries to cry wolf about a Black Hole - unbelievable

I'm totally flabbergasted that I didn't hear the word 'Productivity' anywhere in this strange vlog. I had previously revered what I heard reported under the IFS brand, but honestly after this vlog I now really question what your 'value proposition' really is?

Reeves is promising the bankers more children for satanic ritual sex and adrenachrome.

About 13 years ago, my mum was truly struggling on an income very slightly above the threshold for pension credit. About 3 years later she just about qualified for a few pounds a week of pension credit. As a result of qualifying she received a major discounts off of council tax and off of care in the home and other savings. It made an enormous difference to her. There should not be such an enormous cliff edge for entitlement for pension credit.

This is the guy who said government savings cant be found🙄 what a clown. Its just easier to tax more working people and small business than expose lords & MPs who avoid tax, companies that stole covid loans to go bankrupt moments later to the tune of 400bn in the space of 2 years. Economists, known for being as accurate as astrologists🤡

She is a liar. Don’t believe anything she says. Only excuses to raise tax n make the people suffer. Sending money abroad, housing migrants in 5star hotels, while our own people n veterans who fought for this country live on the streets. Our people should come first.

"There's no money left" - which party left that note?

She has found the tories out scumbags hunt was laughing when she brought it up please people give her a chance to fix this she is an honourable person she won't let the needy go cold

The trouble is the OBR they are wrong about everything

She still saw the books and new she was going to give the nurses etc a rise. What about 11.6 billion milliband is going to waste on windmills ? What about the ridiculous amount paid to Ukraine at 300 billion a year for ever ?

9 billion for above inflation pay rises next year it will be 9.5 billion =incompetence

Government climate report Dec 2023 stated 16,000 excess deaths in mild winter 2021-22 attributed to moderate cold. So she cuts the fuel allowance for pensioners but keeps it for MPs. £300,000pa Why not cut costs for MPs second homes & allowances. Costs for Translators in the courts & hospitals for foreigners. NHS £174,228,629 10 trusts responded but this was the estimated figure if they had all responded. 2019-2021. Likely to be much higher now because of the migrants. Other countries expect you to pay for your own translators. The NHS are supposed to charge foreigners for treatment but migrants don’t pay. If I emigrated to another country I would be expected to pay my way, house & feed & clothe myself. All these costs for illegal migrants are paid for by the tax payer. That needs to stop. They need to deport them. Labours pet projects like giving money to get to the source of immigration, which would stop the migration. Money for foreign aid for Gaza, while there is still a war going on. So much money for the Ukraine, what of our homeland defences Will they be paying into NATO? Police, security. I could go on! Net zero project of GBEnergy. Above inflation pay rises for the trainee doctors & now the GPS are striking or reducing their work load. To my mind Labour has made a disastrous start.

I think it was in her mind to hit the vulnerable,easy way out.politics at its worse.and I bet she sleeps at night.

why not 1) withdraw benefits from non citizens 2) withdraw pension form anyone with over 2m in assets. just two pragmatic ways to reform the benefits system