Rachel Reeves has been on the receiving end of a scathing attack, as a GB News guest branded her "desperate" and accused her of "rinsing" taxes.
This followed criticism from Asda's leadership regarding the Chancellor's taxation policies, with the supermarket chain's boss urging Reeves to cease implementing widespread taxes.
Comedian Nick Dixon said: "She wants to tax everything. I mean, she even wants to put National Insurance on landlords that came out the other day.
"Honestly, you couldn’t even go out for a drink with Rachel Reeves.
Rachel Reeves skewered by GB News guest as Chancellor branded 'desperate'
|GB NEWS
"She’d be asking, ‘what’s the tax on that?’ You can’t take her anywhere without her thinking about what she can tax.
"She’s rinsing every last drop from the British economy and I think it’s just desperate."
Matthew Laza hit back: "Can I add a note of cynicism here? You know how in the Brexit years, everything was blamed on Brexit the weather, the traffic, everything?
"Well, Asda, which is struggling at the moment partly because of the huge debt piled on it by its new owners and its falling market share, now seems rather in search of an excuse.
"I think this may be leaning into the meme of Rachel’s so-called tax rises. Frankly, Rachel’s doing a cracking job she’s doing well in the circumstances."
The GB News guest's remarks came after Allan Leighton, Asda's chairman, urged the Government to abandon its approach of imposing levies on virtually every aspect of business and instead focus on investment.
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Reports suggest the Chancellor is exploring multiple revenue-raising measures, including extending income tax threshold freezes, targeting high-value property sales with a mansion tax, and extracting funds from the gambling sector.
The proposed application of National Insurance to rental payments has particularly drawn criticism, alongside plans to increase business rates for larger premises that would impact major supermarkets.
Mr Leighton warned these measures would prove "very unhelpful" and claimed they were fuelling inflation that ultimately burdens consumers.
Chancellor Rachel Reeves has been on the receiving end of a scathing attack
|GETTY
The Asda executive argued that such policies "don't make life easier" and were "hitting the pocket of the consumer."
Despite the taxation concerns, Asda is pressing ahead with ambitious expansion plans, preparing to launch over 20 new Express convenience stores before year's end.
The retailer will inaugurate its first new Express outlet in Castleford, West Yorkshire, in early October, before rapidly rolling out additional locations throughout the following month.