Nigel Farage has said he does not believe Rachel Reeves’ budget will raise her forecasted £40 billion in tax revenue.

Speaking on GB News Nigel Farage said:

“It really was the most anticipated budget, I think, in decades, and it was going to be a doom budget, wasn’t it, we were given so much bad news and spin.

“I was there watching it myself for the first time and I have to say I thought politically, it was really quite cleverly constructed. I thought everyone’s thinking was going to be a big rise in fuel duty – didn’t happen.

“The fact they’re going to give half a billion pounds towards potholes may of itself not be huge across the country, but a sensible thing to tell the public.

“Lots of constant references to the money being given to Scotland, much to the absolute displeasure of the SNP. Clearly Labour are using the budget to reinforce the gains they made recently there in the general election.

“Economically, I have to say, I sat there thinking ‘this is illiterate.’ These sums simply don’t add up.

“The idea that the measures that she’s taken will bring in an extra £40 billion a year in tax I simply don’t believe.

“But I thought the most disappointing part of the whole thing were the projections for growth.

“We’ve been told this was a budget that was going to be all about growth. Well, it doesn’t look like it is. Even the OBR in their report today suggested that in three or four years time, growth will be a mere 1.5%.

“Well, given you have to counterbalance that with the rising population through immigration, I don’t think without budget deficits, there will be any growth in the country whatsoever