A BBC Question Time audience member savages politicians (Image: BBC)
A furious BBC Question Time audience member on Thursday took "economically illiterate" MPs to task in a fiery rant.
The Chancellor on Wednesday launched the biggest tax raid in history and confirmed hike Government spending.
DON'T MISS
Powered by
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Rachel Reeves's disastrous socialist budget will see people squeezed to breaking point
4 Comments
Autumn Budget 2024: Full list of predictions as Rachel Reeves' announcement edges closer
12 Comments
Liz Truss slams Rachel Reeves's Budget in blistering two-word attack as she defends record
227 Comments
Labour's Budget will push up taxes for most people, ex-Bank of England chief warns
544 Comments
Keir Starmer accused of masterminding 'naked class war' on hard-working Britons
1225 Comments
Rachel Reeves hits Britons with hidden tax hike - calculate how much it will cost you
16 Comments
Rachel Reeves' Budget set to clobber working people with one key rule change, experts warn
10 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
331 Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
18 Comments
Find out how much better or worse off you'll be after Reeves' budget with tax calculator
331 Comments
Rachel Reeves' bonkers Budget is an attack on hard-working Brits
125 Comments
What time is the budget? Exact time Rachel Reeves will announce changes on Wednesday
5 Comments
Why Rachel Reeves' Budget will fail to deliver on Labour Party's central promise
21 Comments
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Rachel Reeves's disastrous socialist budget will see people squeezed to breaking point
4 Comments
Autumn Budget 2024: Full list of predictions as Rachel Reeves' announcement edges closer
12 Comments
Liz Truss slams Rachel Reeves's Budget in blistering two-word attack as she defends record
227 Comments
Labour's Budget will push up taxes for most people, ex-Bank of England chief warns
544 Comments
Keir Starmer accused of masterminding 'naked class war' on hard-working Britons
1225 Comments
Rachel Reeves hits Britons with hidden tax hike - calculate how much it will cost you
16 Comments
Rachel Reeves' Budget set to clobber working people with one key rule change, experts warn
10 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
331 Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
18 Comments
Find out how much better or worse off you'll be after Reeves' budget with tax calculator
331 Comments
Rachel Reeves' bonkers Budget is an attack on hard-working Brits
125 Comments
What time is the budget? Exact time Rachel Reeves will announce changes on Wednesday
5 Comments
Why Rachel Reeves' Budget will fail to deliver on Labour Party's central promise
21 Comments
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Ms Reeves conceded the ￡40 billion tax hikes - including ￡25 bn in employer National Insurance contributions - will “have consequences” as firms shrink wage bills to cope with higher demands from the taxman.
Business leaders warned that hundreds of thousands of jobs will be lost while economists said the national insurance rise was a “tax on working people”.
And market jitters over the Chancellor’s plan for a massive borrowing binge sent the cost of government debt up.
Labour has tried to blame the tax hikes on a ￡22 bn black hole in the public finances.
But a member of the public raged on BBC Question Time: "My entire life - boom and bust.
"Whenever there is a change from Tory to Labour, Labour will come in, the Tories will come in, like Cameron did in 2010 and the Labour lot had left a note saying haha, there's no money left.
"Then the Tories smashed the economy and Labour come in say 'oh, well, we've got fill this 40 billion, 9 billion, 22 billion, it changes by the day, who knows.
"I do not understand how, out of 65 million people in this country, we end up with economically illiterate people in the Government.
"Boom and bust.
"All the time. You are not fit for office.
"This is our money. And I'm sick of being asked to pay more and more and more. I feel poorer than I did 15 years ago.
"Pay more and more to get less and less.
"And with regards to the NHS, you can tip as much money in it as you want. The definition of insanity is doing the same thing over and over and again and expecting a different result."
Rachel Reeves's Budget has been widely criticised (Image: Getty)
Tories claimed the Budget amounts an extra ￡2,237 in tax for the average working household a year.
The analysis showed that over the next five years it would mean a total tax bill of over ￡9,700.
Choices made by the Chancellor will see the overall tax burden reach a record 38.3% of gross domestic product (GDP) in 2027-28, the highest since 1948.
The Office for Budget Responsibility (OBR) forecasts that by 2026-27, some 76% of the total cost of the NICs increase is passed on through lower real wages - a combination of a squeeze on pay rises and increased prices.
The measure could also lead to the equivalent of around 50,000 average-hour jobs being lost, the watchdog said.
Ms Reeves defended her reforms, insisting: “This Budget was to wipe the slate clean after the mismanagement and the cover-up of the previous government.
“I had to make big choices. I don’t want to repeat a Budget like this ever again, but it was necessary to get our public finances and our public services on a stable trajectory.”
But she admitted that national insurance hikes would have an impact on pay.
“I said that it will have consequences,” she said.
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
“It will mean that businesses will have to absorb some of this through profits, and it is likely to mean that wage increases might be slightly less than they otherwise would have been.
“But overall the Office of Budget Responsibility forecast that household incomes will increase during this Parliament. That is a world away from the last Parliament, which was the worst Parliament ever for living standards.”
DON'T MISS
Powered by
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Rachel Reeves's disastrous socialist budget will see people squeezed to breaking point
4 Comments
Autumn Budget 2024: Full list of predictions as Rachel Reeves' announcement edges closer
12 Comments
Liz Truss slams Rachel Reeves's Budget in blistering two-word attack as she defends record
227 Comments
Labour's Budget will push up taxes for most people, ex-Bank of England chief warns
544 Comments
Keir Starmer accused of masterminding 'naked class war' on hard-working Britons
1225 Comments
Rachel Reeves hits Britons with hidden tax hike - calculate how much it will cost you
16 Comments
Rachel Reeves' Budget set to clobber working people with one key rule change, experts warn
10 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
332 Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
18 Comments
Find out how much better or worse off you'll be after Reeves' budget with tax calculator
331 Comments
Rachel Reeves' bonkers Budget is an attack on hard-working Brits
125 Comments
What time is the budget? Exact time Rachel Reeves will announce changes on Wednesday
5 Comments
Why Rachel Reeves' Budget will fail to deliver on Labour Party's central promise
21 Comments
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Rachel Reeves's disastrous socialist budget will see people squeezed to breaking point
4 Comments
Autumn Budget 2024: Full list of predictions as Rachel Reeves' announcement edges closer
12 Comments
Liz Truss slams Rachel Reeves's Budget in blistering two-word attack as she defends record
227 Comments
Labour's Budget will push up taxes for most people, ex-Bank of England chief warns
544 Comments
Keir Starmer accused of masterminding 'naked class war' on hard-working Britons
1225 Comments
Rachel Reeves hits Britons with hidden tax hike - calculate how much it will cost you
16 Comments
Rachel Reeves' Budget set to clobber working people with one key rule change, experts warn
10 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
332 Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
18 Comments
Find out how much better or worse off you'll be after Reeves' budget with tax calculator
331 Comments
Rachel Reeves' bonkers Budget is an attack on hard-working Brits
125 Comments
What time is the budget? Exact time Rachel Reeves will announce changes on Wednesday
5 Comments
Why Rachel Reeves' Budget will fail to deliver on Labour Party's central promise
21 Comments
FTSE slumps to lowest level in months as Budget shockwaves reverberate
49 Comments
Rachel Reeves set to launch blistering inflation Budget blow to one key sector
1529 Comments
Rachel Reeves to break Budget promise with unexpected ￡400 tax grab
572 Comments
Rachel Reeves just showed Britain that she is opting for managed decline
110 Comments
Rachel Reeves taunted over Budget warning as Chancellor faces fury in final clash
59 Comments
Martin Lewis warns workers face 'reduced salaries' after Labour Budget change
Comments
Eye-watering price households will pay in 'biggest ever tax hike' under Labour
55 Comments
Government borrowing costs hit their highest level in a year while the pound fell by a third of a percent against the dollar.
Economists warned the government will still need to raise up to another ￡9 billion after next year to avoid cutting spending on unprotected departments.
Although day-to-day spending is set to rise rapidly it slows down from 2026 to 1.3%.