UK taxpayers WILL PAY THE PRICE – Dr Mike Jones issues fresh warning targeting Rachel Reeves (Chancellor) – Predicts dire consequences leading to tax hikes – GB News Breakfast Hosts Stephen Dixon and Anne Diamond debate, with Anne ALSO sh0cked by Reeves

GB News stars tear into Rachel Reeves over Labour tax hikes: ‘Out of their depth’

Political commentator Dr Mike Jones said the ‘British taxpayer is going to pay the price’ for Rachel Reeves’ actions.

GB News: Dr Mike Jones discusses pressure on Labour

Labour are “out of their depth” and the situation is “going to get worse” as Rachel Reeves will be forced to increase taxes according to political commentator Dr Mike Jones. Appearing on GB News Breakfast with Stephen Dixon and Anne Diamond he slammed her decisions saying: “The British taxpayer is going to pay the price.”

Host Stephen Dixon said: “The idea that she’ll hit income tax particularly, is unthinkable. She’ll be trying every other which way.” Jones agreed: “Yeah, there’s gonna be a fiscal black hole for two reasons. Firstly productivity has continued to flatline and economic growth forecasts aren’t as optimistic as what the Labour Party thought. And obviously Labour has u-turned on welfare reforms.

“My own personal view on this is that they won’t raise income tax, necessarily, but they will freeze thresholds. There will also be targeted levies, possibly with corporation tax, possibly with pensions, but there will be a lot of jiggery pokery going on with the tax system. But, you know, ultimately taxes will have to go up, unfortunately.

Rachel Reeves options were discussed on GB News after Labour’s welfare bill u-turn (Image: Getty)

“The party [are] completely out of their depth. They haven’t properly cut total managed expenditure, and now the British taxpayer is going to pay the price.”

His remarks came as it looks likely Reeves could be forced to raise taxes in an effort to fill a staggering £40 billion black hole in the next Budget.

Host Anne Diamond appeared sympathetic to Reeves asking Jones: “Do you feel any sympathy for her? I mean, it’s no wonder she’s in tears, because everything she tries to do appears to backfire.

“Either it’s massively unpopular with us the voters, or it’s incredibly unpopular with their own back benchers. She must be wondering, which is the least worst option?”