Farage Slams Labour's Budget as "Economically Illiterate," Questions Abbott's Involvement

Nigel Farage, the leader of the Reform Party, launched a scathing attack on Labour's first Budget, labeling it "economically illiterate." He went on to question whether Labour MP Diane Abbott had played a role in the calculations, referencing a 2017 interview where she stumbled over numbers related to police funding.

"The Budget was politically clever but economically illiterate. Perhaps the Rt Hon Member for Hackney North was helping out with the sums?"

His remarks come in response to Chancellor Rachel Reeves' announcement of a £40 billion tax hike. Farage believes this approach is unrealistic and unsustainable.

Farage's criticism echoes concerns raised by other economists and financial experts. Many have questioned the feasibility of raising such a significant amount of revenue through taxation, particularly in the current economic climate. They argue that such a move could stifle growth and harm businesses.

The Labour Party has defended its Budget, arguing that the tax increases are necessary to fund essential public services and address inequality. However, the party faces an uphill battle in convincing the public of the merits of its plan, especially with Farage and other prominent figures voicing their strong opposition.

It remains to be seen whether Labour's Budget will be successful in achieving its stated goals. The coming months will be crucial as the government attempts to implement its plans and navigate the complex economic landscape.