‘INCOMPETENT!’ Rachel Reeves’ EXPLOSIVE REPORT sends BBC Breakfast viewers into RAGE
A fresh report has revealed Chancellor Rachel Reeves may be forced to break her core manifesto promise of not raising taxes on “working people” to meet her self-imposed borrowing rules. During Wednesday’s episode of BBC Breakfast, reporter Dan Whitworth explained that “this warning comes from the National Institute of Economic and Social Research.
“It said the Government was on track to miss the target it has set itself by more than £40 billion, it recommended a moderate but sustained increase in taxes, including reform of the council tax system to make up the shortfall.” Dan continued: “The Government said that the best way to strengthen the public’s finances is by growing the economy, but the Conservatives have said that Labour always reaches for the tax rise lever.” This was blamed on poor economic growth, higher than expected borrowing and a reversal in welfare cuts that could have saved the Government £6.25bn. This report sparked major outrage among viewers who quickly took to social media with fury, as one raged: “Well done. You got your Labour government. And now look.” As a second echoed: “Welcome to Rachel Reeves’ economic death spiral to bankruptcy, everyone, enjoy the ride.”
Taxes must rise in the autumn if Chancellor Rachel Reeves is to meet her self-imposed borrowing rules, according to an economic thinktank.
On #BBCBreakfast Dan Whitworth had details of the report from the National Institute of Economic and Social Research… pic.twitter.com/9SZPAfw6mv
— BBC Breakfast (@BBCBreakfast) August 6, 2025
A third raged: “It’s nice that you have finally been allowed to state the bleeding obvious,” as a fourth asked: “When are the BBC going to state that reeves is incompetent, when are the BBC going to mention the government wastes too much ….I can wait.”
Another fumed: “Said this months ago when @RachelReevesMP went on her spending spree @UKLabour repeating history, just like 1997-2010, leaving massive debt & leaving the Tories to clear it up with austerity. ANOTHER MANIFESTO PLEDGE BROKEN BECAUSE OF HER INCOMPETENCE LEAVING US STRUGGLING FURTHER.”
Meanwhile one suggested: “Raise VAT across the board everyone has to pay in. This will include migrants. We all buy items so everyone will benefit. Not just taking money from the same few year in year out.”
During the broadcast, Dan continued: “Other bodies, including the Office for Budget Responsibility and ThinkTanks, the Institution for Physical Studies, and the Resolution Foundation, have also highlighted the tough choices facing the government.
“The Chancellor originally promised not to raise taxes further but recently refused to rule that out after disappointing data on economic growth.
“The NIESR argues that raising taxes will help build a buffer that would reassure investors about the stability of the UK’s public finances. That, in turn, may reduce borrowing costs for the government.”
To reduce spending pressures, NIESR called for a greater focus on reducing economic inactivity, which could bring down welfare spending.
The institute is forecasting modest economic growth of 1.3% in 2025 and 1.2% in 2026. That means Britain will rank mid-table among the G7 group of advanced economies.
Professor Stephen Millard, deputy director for macroeconomics at NIESR, said the government faced tough choices ahead: “With growth at only 1.3% and inflation above target, things are not looking good for the chancellor, who will need to either raise taxes or reduce spending or both in the October budget.”
