😳💷 GB News issues major breaking news alert as 𝘙𝘢𝘤𝘩𝘦𝘭 𝘙𝘦𝘦𝘷𝘦𝘴 faces fresh economic embarrassment

Rachel Reeves shared an update on her latest scheme (Image: Getty)

Rachel Reeves was humiliated on GB News after a breaking update was shared following her latest plans for the UK. An economist appeared on the show to say her latest programme read as though it was a “student government election”. Reeves issued an update to share her plans on her summer saving scheme which included free summer bus rides for children and a cut on VAT for summer attractions such as theme parks and zoos.

Economist at the Adam Smith Institute Mitchell Palmer reacted to the news on the news channel as he questioned Reeves’ objective and said: “It sort of read like a programme for election if the election was held of children at a student government election. It was a lot of it was to basically cover up for the problems the government has created in other aspects.” He stated it was his belief that the government has become aware of the real problems their policies, and the policies of the previous government, have created.

Rachel Reeves was humiliated (Image: GB News)

He stated that instead of solving the previous issues, they’re adding “intervention on top of intervention” which “simply won’t work”. Further embarrassment emerged when the hosts stated that Reeves declared it was afforded because the economy was up, but the Shadow Chancellor had emerged to say that it wasn’t as high as they previously projected, explaining that there is a “0.3% deficit”.

Palmer then explained that tax doesn’t always line up with the economic figures, so she could have some headroom, adding: “She’s clearly confident that either she’s not going to be Chancellor at the end of the next event, or there’s some money down the back of the couch that she’s found.”

The update from Reeves sparked split reactions as it was stated that millions of families would benefit from the news.

The package will give children between age five and 15 free movement on the local bus network throughout August with no charge, an initiative which is expected to cost upwards of £100million once support for bus operators is considered. Food items are also expected to become cheaper with import duties cut on the likes of biscuits, chocolate, dried fruit and nuts among others.

Speaking of the scheme, Keir Starmer said: “We know many hardworking families are still feeling the squeeze and too often think they have to hold back. By giving every child free bus travel throughout August and cutting tariffs on everyday food items, we’re putting money back into people’s pockets and making life that bit easier.”