'Her credibility is DESTROYED!' Rachel Reeves slammed for catastrophically 'surrendering to extremely left-wing' Labour MPs

Speaking to Tom Harwood and Emily Carver, he delivered a scathing analysis of Reeves’s performance pulling the country’s purse strings so far and asserted her credibility is now “destroyed”.

He was asked by Tom about Reeves making an almighty U-turn on her own fiscal rules, saying “the dam is not just broken, it is smashed”.

“There’s no going back from this”, he said.

“I think her credibility in particular is entirely destroyed. She’s not an iron Chancellor, she is surrendering all the time.

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“She’s massively put up taxes, and at least there was a package, right? She was presenting a package to the British public, which was, ‘okay, I will put up taxes, basically in defiance of what we promised in the manifesto. At the same time, I will make some difficult cuts to public spending, which goes against the Labour instinct.

“’But guess what? We’ve kept all the tax increases, we’ve lost all the spending cuts’.

“At this stage in the economic cycle, the Government’s coffers should be full. We should not be inflicted with a massive Budget deficit and in fact, we have a massive deficit, which means taxes are going up and up and up.”

Heath discussed the prospect of welfare reforms being watered down in order to appease rebel MPs.

A vote is set to go ahead on the bill next week with around 120 Labour MPs opposed to it, and Heath told GB News they are opposing a “common sense” move.

“I think the situation is very bad. We’ve got a Government that is spending far too much”, he said.

“We’re a country that is living beyond its means. Yet as soon as the Government wants to trim a few billion pounds out of an exploding welfare budget, you have a massive rebellion from Labour MPs who have become extremely left-wing.

“They are being fuelled by a group of left-wing activists who want this Government to be a really socialist Government.

“They do not want anything that smacks of austerity or restraint or, what I would say, what I would describe as common sense.”

Downing Street said the Prime Minister is having a “busy day” as he desperately vies for the support of frustrated backbenchers.

Keir Starmer said conversations “will continue in the coming days” ahead of the welfare reform bill’s second reading on Tuesday.

The PM remains defiant in his stance that change is needed, saying benefits claimants “are failed every single day” by a “broken system”.

He admitted that MPs want to se “reform implemented with Labour values of fairness”.

He said: “On social security, I recognise there is a consensus across the House on the urgent need for reform of our welfare system, because the British people deserve protection and dignity when they are unable to work and supported to work when they can.

“At the moment, they are failed every single day by the broken system created by the Conservatives, which achieves neither.

“I know colleagues across the House are eager to start fixing that, and so am I, and that all colleagues want to get this right, and so do I.

“We want to see reform implemented with Labour values of fairness. That conversation will continue in the coming days, so we can begin making change together on Tuesday.”