Jeremy Hunt was 'FURIOUS' that Rachel Reeves 'TORE UP Rishi Sunak's legacy'

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.

Speaking about the moment on GB News, Adam Cherry said: "In the budget itself we learned that tax rises will come on October 30.

"She didn't shy away from saying, look, this will be a painful statement. So we did expect that.

"But nonetheless, I think seeing it in the Commons and to see the energy in the room and how furious Jeremy Hunt was to see his and the former Prime Minister, Rishi Sunak, legacy torn up in front of them so aggressively was really quite something."

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During her speech, Rachel Reeves 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.

Going into the General Election, Labour promised to not raise taxes, National Insurance or VAT on working people.

A Government spokesman has confirmed the audit had highlighted "the previous Government made significant funding commitments for this financial year without knowing where the money would come from".

The spokesman said: "The assessment will show that Britain is broke and broken – revealing the mess that populist politics has made of the economy and public services."

However, Shadow Paymaster General John Glen has hit back at claims that the Tories had left a £20billion "black hole", accusing the Labour Party of "deception".

Speaking to GB News yesterday he said: "It is absolutely ridiculous. When we set up the Office of Budget Responsibility - it's all open, they mirror the Treasury's figures, every fiscal event, and there's complete transparency.

“We showed how we balanced the books…we got inflation down to two per cent now, we are the fastest growing economy in the first quarter of year, we'd love to have faster growing economies across the G7 but that hasn't happened.

“There are always pressures. Every fiscal event, every spending department is saying ‘we need a bit more Chancellor’, that we need a bit more here and a bit more there.

“To govern is to take those tough decisions and to put reforms in place to reduce the number of civil servants, the welfare reforms that we set, to get those additional tens of thousands of people back into work.

“It's by taking those decisions that you manage some of those pressures. And indeed, last year when we had the review of public pay review bodies, we didn't borrow more or increase taxes, we made departments absorb those additional costs.”