Rachel Reeves announces cuts to winter fuel payment
Eamonn Holmes labelled the surprise move from Reeves is "vicious" as winter fuel payments will now be restricted to those on pension credits or other means-tested benefits
Reeves said the Labour government has inherited a projected overspend of £22bn from the Conservatives.
The projected overspend on the asylum system, including the Rwanda plan that Labour has now scrapped, was more than £6.4bn for this year alone, she said.
Speaking on GB News this morning, Eamonn exclaimed: “She is going to take money off all of us. If you are quite ordinary and earn an ordinary salary they will try and leave you alone, but, ‘We will get all those other ones out there’.
"The ones who get the capital gains tax, the ones who get inheritance tax. Selling your house? You will be done for that!"
Reeves slammed the Tories for instigating a "cover-up" as she pledged to take action to fill a £20billion "hole" in Government expenditure.
The Chancellor accused the previous Government under the Conservative Party of "covering up the true state of the public finances" in the Commons as part of a wide-ranging attack on her predecessors in the Treasury.
As part of Labour's new Office of Value for Money, the Government will look to identify and suggest where the Government can make savings in public expenditure.
On top of this, an office will aim to stop spending which is considered to be of "poor value".
In her speech, Reeves confirmed reforms to prevent wasteful spending in the public sector.
Infrastructure projects are on the chopping block with £500million Restoring Your Railway Fund and the A27 Arundel bypass likely to be axed or rolled back.
During her speech, she said: "Before the election, I said we would face the worst inheritance since the Second World War.
"Taxes at a 70-year high. Debt through the roof. An economy only just coming out of recession. I knew all those things.
