Martin Lewis slams Rachel Reeves decision and warns 'it looks like'

Martin Lewis slams Rachel Reeves decision and warns 'it looks like'
-Credit: (Image: Reach Publishing Services Limited)


Martin Lewis has torn apart a ITV The Martin Lewis Money Show guest after they failed to appear on his show on Thursday night. The Money Saving Expert founder slammed Chancellor Rachel Reeves after she failed to appear on his Budget special on Octobrt 31.

The Budget special, which was an hour-long, came after Ms Reeves delivered her Budget on Wednesday. BBC and ITV star Mr Lewis publicly blasted Ms Reeves and said she had 'missed the chance to give her interpretation' on the Autumn Budget.

The consumer champion said it was a 'shame' Ms Reeves would not be making an appearance on a live budget special of The Martin Lewis Money Show, despite asking her to 'weeks ago'. Mr Lewis took to X on Thursday night to tell his three million followers that it was a 'shame' Ms Reeves would not be making an appearance.

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He typed: "So it looks like Rachel Reeves isn't coming on live budget special tonight 8pm. We put in a bid weeks ago (for live or pre-recorded). Was told it was being considered, but have not heard anything. Shame as we're most watched current affairs show on TV by miles, no idea why her press team would put her on far less viewed political shows but not mainstream consumer tv?

"Don't worry though, it means more time for me to go through the detail of what it means for you (and the chancellor misses the chance to give her interpretation)." It comes after Mr Lewis had asked how businesses will pay for increased National Insurance, which amounts to a £615 surge per employee.

"The change of threshold so employers now start paying National Insurance at £5,000, not £9,100, is big," Mr Lewis said. "For the employers who pay it, at the new 15 per cent rate that alone's £615 increased cost per most employees per year. The question is where will that money come from, profits, increasing charges or reducing salaries/benefits?"

Mr Lewis added: "The reason I say ''for employers who pay it'' is because the Employers Allowance for NI has been increased from £5,000 to £10,500 a year (so this is amount off employers NI bill) so small businesses won't pay it."

In a video posted on X, formerly Twitter, Mr Lewis said: "Something is going to have to pay for that, it will either come out of companies' profits, increased costs to consumers, or reduced salary and benefits in future for employees. So while it is not a direct cost on consumers, it probably will have some knock-on effects on consumers and workers in the future."