Rachel Reeves’s ‘two-headed donkey’ approach slammed as Chancellor tipped to ‘kill British economy by April’

The Chancellor is under mounting pressure after a series of controversial measures in her Budget but has vowed to come out fighting.

“Why has Rachel Reeves spent the first term as Chancellor so far killing off growth?”, Parry asked.

“Her economic policy is like a two-headed donkey. You’ve got a head on one end saying ‘growth’, and then a head on the other end saying ‘stagnation, no growth, big taxes, big state, big red tape.

“That’s how ridiculous her economic policy is.”

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Former Labour MP Stephen Pound hit back at Parry’s remarks, arguing Reeves is starting to oversee an uptick in the economy.

“Look at the FTSE, up 46 points. At the moment, the economy is getting stronger and you can’t argue with that.”

Parry argued: “And she [Rachel Reeves] is going to kill it in April.

“Business are closing down and nobody is investing. She has killed the economy. A third runway at Heathrow won’t be built for 20 years, let alone the four years of this Government.”

The Chancellor today set out an ambitious vision for growth and declared Britain “can do so much better” than its current path of stagnation.

Reeves told her audience that Britain has “fundamental strengths” but has been “held back” for too long.

The Chancellor's growth plans also include backing for major airport expansions across the South East.

The Treasury is expected to endorse expansion plans at Heathrow, Gatwick and Luton airports.

The growth focus extends beyond regional development, with Cabinet-wide instructions to prioritise economic expansion.

Sir Keir Starmer told business leaders in London that he was "hard-wiring growth into all the decisions of the Cabinet".

The Prime Minister has asked Cabinet Secretary Sir Chris Wormald to implement new rules requiring ministers to demonstrate the growth credentials of their policies.

The changes will subject economic impacts to the same rigorous assessment as public spending proposals.

However, Downing Street has indicated this requirement won't automatically block growth-harming policies.