Eamonn Holmes has dismissed the significance of Rachel Reeves' Spending Review, calling it "a lot of nonsense" that will be forgotten by the time of the next election.
The Chancellor is set to deliver her Spending Review at 12.30 pm today, outlining departmental budgets through to the end of the decade.
The review will detail both day-to-day resource spending and longer-term capital investment plans.
Speaking about the Review, Eamonn said: "We talk about the figures that will be announced today, taking us into the next election. What a lot of nonsense.
Eamonn Holmes said that the spending review will be 'forgotten' by the election
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"They'll change these. They will adopt these as we go along. And no one will ever remember in two years time that these are the figures that she quoted today."
Deputy Editor of Spiked Online, Fraser Myers added: "It's going to be difficult for Rachel Reeves in particular, because she has sold herself as this iron chancellor and immediately has folded on what she said was a key issue.
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"You had members of the Labour cabinet saying if we don't cut winter fuel allowance, there will be a run on the pound.
"Now they're saying, well, we're bringing it back because the economy has improved. Well, the economy hasn't improved. Unemployment's up. Inflation is up. Borrowing costs are up."
The Chancellor is prioritising three key areas: Health, security and the economy.
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This translates to increased funding for the NHS, police, schools, transport and defence departments in the spending allocations to be announced.
Several major spending commitments have already been announced ahead of the review.
The NHS is expected to receive a £30billion boost over three years, whilst education spending will rise by £4.5billion annually by 2028-29.
Infrastructure projects include £15.6billion for public transport in England's city regions and £16.7billion for nuclear power projects, with £14.2billion allocated specifically for the new Sizewell C power plant in Suffolk.
Rachel Reeves will be delivering her Spending Review today
PAHousing initiatives will receive £39billion over the next decade to build affordable and social homes.
The government has also committed £445million for Welsh railway upgrades and will extend the £3 bus fare cap until March 2027.
Additionally, plans include extending free school meals to 500,000 more children on Universal Credit, supporting lower-income families across the country.
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