Martin Lewis hits out at Rachel Reeves over claim in brutal one-word response

Martin Lewis, a renowned expert on money-saving, has commented on Rachel Reeves’ announcement regarding the Labour party’s budget.

On Wednesday (October 30), the Chancellor of the Exchequer, referring to her past experience, said, “As a former economist”, before announcing a slew of changes including a new tax on vapes and adjustments to employers ‘ national insurance contributions.

In addition, the first Budget of the Finance Minister foretain a strategy for 2025-2026 that would increase the State Pension and reduce tax revenues by £40 billion. She later stated that there would be a 1.5% increase in government spending, a tripled investment in breakfast clubs, and a £1 billion boost for special educational needs funding.

Taking to social media, the 45-year-old politician emphasised that her party was making “tough decisions to fix the foundations” of Britain’s economy to “deliver on the promise of change”. In reaction to the Labour Budget, Martin Lewis, aged 52, shared his thoughts on X, the platform formerly known as Twitter.

As Reeves spoke, he tweeted: “Chancellor: ‘ As a former economist at the Bank of England ‘ – Bingo”. Reeves worked for the Bank of England from 2000 to 2006, including a stint at the British Embassy in Washington, D.C., according to the Express. The Bank of England acknowledged her contribution to Charlie Bean’s speech in December 2001.

Martin’s “Bingo” quip has sparked a flurry of debate among his followers, with one social media user asking: “Fixing the foundations next”? Another chimed in: “Didn’t take long did it”? “Definitely a job for you sir”, a third fan suggested, while another was puzzled: “Not sure what you mean by ‘ Bingo ‘ here”.

One follower delved deeper and inquired, “Are you saying that it’s a good thing that the chancellor worked for the BofE or that she has been exposed for making a false statement about that fact?” Martin has been actively sharing his Budget insights with his 3.1 million X followers, noting: “That’s over an hour already – this is a very LONG #budget”.

He also clarified his professional status in relation to the new Office for Value for Money (OVfM): “New head of ‘ Office for Value for Money ‘ appointed… No it’s not me (thank heavens)”, the ITV star posted. After the Chancellor wrapped up, Lewis declared he would take time to “digest” and “fact check” the speech, before guiding his fans through the essential consumer finance points.

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Source: Mirror