Rachel Reeves and Nick Ferrari

Nick Ferrari dubbed Rachel Reeves the “Klarna chancellor” this morning as he attacked her spending review.

The cabinet minister revealed how she was going to spend an extra £300 billion over the next three years on Wednesday, offering huge cash injections for the NHS and the defence department.

While she did squeeze some other Whitehall departments’ day-to-day spending, her statement did not include any tax hikes, something usually announced only in the autumn Budget.

So the LBC presenter questioned just how this was all going to add up during a tense........

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