TAXPAYERS will be the main losers after the Chancellor unveils the results of the Spending Review today according to Richard Fuller MP, the Shadow Chief Secretary to the Treasury.

He told GB News: “This Chancellor has already demonstrated that she hasn’t really got a grip on the overall public finances. So as welcome as today’s announcements about investment will be, ultimately, this Chancellor is barreling towards more and higher taxes again in the autumn, and so the main losers, they’re going to be taxpayers.

“Between departments, it all depends on what she does on the NHS. That is the large proportion of public spending, and she has an opportunity with this zero-based review to show that she’s really serious about getting value for money for every penny of money she takes from taxpayers.

“Remember last year, was the biggest tax increase for a generation that’s put pressure on businesses, large and small. And you’ll have many of your viewers this morning getting ready to go out to work, maybe already at work, and they’re already feeling the pinch.

“As families are making difficult decisions about where they spend money, they expect a Chancellor to make those same important decisions about value for money.

“I’ll be looking today to see, has this Chancellor really done the necessary work to avoid what the IFS say is a more than 50/50 chance that should be back in the autumn for higher taxes on the very people who watch your show?”

He added: “If you want to be fiscally responsible, you can’t just talk about the nice things. You’ve also got to put everything into the context about what the country can afford.

“As we’ve seen around the world, the ability of governments to borrow money is getting smaller and smaller, and so today is an important test for the Chancellor, is she taking the steps necessary, although she can talk about all the great things she wants to do with taxpayers money, is she making sure that she doesn’t have to come back in the autumn for additional taxes?”

On reports that money from the Chagos Island deal is going to fund tax cuts in Mauritius, he said: “I thought the proposal from the government was supposed to get the UN on side, albeit at very significant cost to British taxpayers.

“Now apparently it doesn’t have the UN on side. So we have this tremendous amount of money going out from taxpayers to Chagos that could be spent on our defence, could be spent on other things in this country.

“It looks like the government doesn’t really know what it’s doing on this deal and isn’t winning friends anywhere in the world.”