Eamonn Holmes blasted the Chancellor of the Exchequer’s announcement that winter fuel payments would be scrapped for pensioners not on benefits.

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 from all of us. If you earn an ordinary salary, they’ll try to leave you alone, but they will target everyone else.”

“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.

“I was honest about them during the election campaign. And the difficult choices it meant.

“But upon my arrival at the Treasury three weeks ago, it became clear that there were things I did not know. Things that the party opposite covered up from the country.”

The cost of these wage rises has not been factored into existing confirmed plans from Labour which means the Government will have to find alternative ways of generating the tax revenue.
Eamonn Holmes continued to express his outrage over the Chancellor’s decision to scrap winter fuel payments for pensioners not on benefits. He criticized the move as “heartless” and emphasized that it would affect a large portion of the population who do not qualify for pension credits or means-tested benefits.

During a recent interview on GB News, Holmes reiterated his concerns, stating that the Government’s focus on cutting expenditure was disproportionately impacting middle-class individuals who work hard to make ends meet.

He highlighted the potential financial burden on those who rely on income from capital gains tax or inheritance tax, warning that even ordinary citizens selling their homes could face unexpected financial consequences.

In response to the Chancellor’s accusations of a cover-up by the previous Conservative Government, Holmes called for transparency and accountability in addressing the projected overspend. He emphasized the importance of identifying areas of wasteful spending and implementing reforms to ensure that public funds are used effectively.

Holmes also expressed concern over the potential impact on infrastructure projects, such as the potential axing of the £500 million Restoring Your Railway Fund and the A27 Arundel bypass. He stressed the need for careful consideration in cutting back on essential projects that contribute to the country’s economic growth and development.

As the Government faces challenges in generating additional tax revenue to cover the cost of proposed wage rises, Holmes urged for a balanced approach that takes into account the impact on taxpayers.

He emphasized the need for transparency and honest communication with the public about the difficult financial decisions that lie ahead

Stay tuned for more updates and insightful information on current affairs and economic developments. Your support and feedback are valuable to us as we strive to deliver relevant and trustworthy content.