The 1734 tale of “The Story of Jack Spriggins and the Enchanted Bean“, better known nowadays as “The History of Jack and the Bean-Stalk” in the version published in 1807, all hinges on Jack, the poor country boy and the hero of the story swapping the family cow at market for a handful of magic beans, much to the dismay of his mother.

What has a fairy tale about gullibility have to do with the current the Chancellor of the Exchequer, one Rachel Jane Reeves, who despite her qualifications from New College, Oxford (PPE) and the London School of Economics (doctorate in economics) appears to suffer from the same ailment as young Jack?

Well, Ms Reeves seems to have been sold a complete fantasy by her civil service minders in the advice given to her in respect of her proposed announcement later this week of a third runway at London’s Heathrow airport to counter any opposition, as reported yesterday in The Times.

The proposals for a third runaway at the capital’s main airport have long been a source of opposition and the latest incarnation thereof has drawn opposition from Energy Secretary Ed Miliband, London mayor Sadiq Khan and local London MPs Andy Slaughter (Hammersmith and Chiswick), Fleur Anderson (Putney), Marsha de Cordova (Battersea), John McDonnell (Hayes & Harlington) and Ruth Cadbury (Brentford & Isleworth).

And the complete fantasy bought by Ms Reeves? As justification for airport expansion, she is on record as saying the third runaway is justified because of recent aviation fuel innovations.

“Sustainable aviation fuel is changing carbon emissions from flying.”

The only drawback to her argument is that there is, of course, no such thing as sustainable aviation fuel. As reported by The Guardian in 2024, a paper on sustainable jet fuels from the Institute for Policy Studies found that expectations for these were not realistic. Chuck Collins, co-author of the report remarked as follows:

To bring these fuels to the scale needed would require massive subsidies, the trade-offs would be unacceptable and would take resources aware from more urgent decarbonization priorities.

It’s a huge greenwashing exercise by the aviation industry. It’s magical thinking that they will be able to do this.

Not only is Ms Reeves indulging in greenwashing, there's an accusation of hypocrisy on the charge sheet too. She was prepared to argue against the expansion of Leeds Bradford airport near her Yorkshire constituency due to concerns about air and noise pollution.

As The Times piece helpfully points out:

In 2020, Reeves objected to a new terminal for the Leeds Bradford airport near her constituency, arguing that it “would significantly increase air and noise pollution” and “undermine vital efforts to ensure that Leeds upholds its commitment to become a carbon neutral city by 2030.”

Yesterday Rachel Reeves, a woman whose start-free talents include doing poor chancellor of the exchequer impressions, announced she would use an “iron fist” to squeeze out waste to achieve expenditure savings of 5% in government departments.

However, it appears that Ms Reeves’ iron fist has started to show signs of rust and of being ignored by Whitehall departments as the Department for Digital, Culture and Sports (DCMS) has already stuck two fingers up at the chancellor, as shown by revelations concerning its stationery supplies.

As reported by Scotland’s National today, the DCMS has recently bought two ministerial folders from luxury leather goods manufacturer Barrow Hepburn & Gale at a cost of £594 each. The government is a regular customer of the company, as is the Mountbatten-Windsor family and its hangers-on.

Nandy’s folders cost a grand total of £1,118. The National helpfully points out that similar leather-bound document holders are available in the House of Commons shop for just £30. The excuse for spending the amount demanded by Barrow Hepburn & Gale is to “enhance“. This enhancement would appear to be at the root of a well-known old adage: a fool and his money are soon parted.

In a clear case of government by gaslight, a spokesperson has stated it is “entirely focused on ensuring every pound of spending represents the best value for taxpayers, while also increasing investment in our public services and delivering on key growth projects”.