Rachel Reeves ‘lied about time spent working for Bank of England’ as CV reveals real experience
RACHEL Reeves has been accused of lying about the time she spent working for the Bank of England.
The Chancellor is under fire for embellishing her CV after she told the Stylist magazine in 2021 that she had worked as an economist at the BoE for a decade.
In a social media post after the interview, she said: “A real pleasure to speak to @StylistMagazine about my time as an economist at the Bank of England.”
However her LinkenIn page lists a six-year period from September 2000 to December 2006, according to The Telegraph.
It comes after Ms Reeves had boasted of working as an “economist” at the Bank of Scotland from 2006 to 2009 on LinkedIn.
But Guido Fawkes revealed her role was far from glamorous, involving admin, IT and planning.
After facing backlash, Ms Reeves quietly updated her profile changing her role from “economist” to “retail banking”.
Treasury sources defended the move insisting she worked in retail banking covering various areas drawing on her background as an economist and that her LinkedIn was updated to reflect that.
But the Tories ripped into Ms Reeves with a party source accusing her of “deception”.
Shadow Justice Secretary Robert Jenrick also blasted: “She said she was an economist. Turns out she’s just economical with the truth.”
A Labour source said: “The Chancellor won’t take any lectures on honesty from a man whose scandals went too far for even Boris Johnson to stand by him.
“The British public voted for change with Labour this summer, and after Robert Jenrick’s performance you can see why.”
The Sun has approached the Chancellor for comment.
It comes as Ms Reeves declared she won’t back down and scrap the “family farm tax“.
Thousands of furious agricultural workers are due to protest in Westminster on Tuesday against a 20 per cent inheritance levy on land and tractors valued at over £1million.
Farmers have warned Ms Reeves if she doesn’t u-turn after the protest, meat and veggies will be withheld from supermarkets.
There have also been threats of tractors “blocking every road in Britain”.
But as the pressure boiled over on Friday, a defiant Ms Reeves argued “those decisions have been made”.
She said: “We’re not going to be changing those but of course we will continue to talk to those in the farming sector, the National Farmers Union and others to make sure we support our great British farming sector.”
Ms Reeves also defended a fresh pledge to loosen rules around bankers’ bonuses.
Rachel Reeves to tell City bosses its time to rip up financial red tape in dash for growth
By Ryan Sabey, Deputy Political Editor
RACHEL Reeves pledgeed to rip up financial red tape to let City bosses take more risks to help grow the economy.
The Chancellor insisted measures brought in following the 2008 economic crash have “gone too far” and are holding Britain back.
She used her first Mansion House speech to say that the moves have had “unintended consequences” putting the brakes on growth.
Ms Reeves announced a package of measures aimed at driving up competition across the financial services.
She has written to regulators such as the Financial Conduct Authority to ensure a greater focus is levelled on supporting economic growth.
Big business bosses were told that the UK’s status as a global financial centre can’t be taken for granted with competition from Frankfurt and New York.
She hailed the City as the “crown jewel” of the UK’s economy which employs 1.2 million people across the country.