Eamonn Holmes has delivered a brutal verdict of Rachel Reeves as Chancellor, claiming he could “guarantee” savings for Britons if he was in her place.

Debating the country’s economic woes on GB News, the Breakfast anchor declared he would “love to be in Number 11”.

During an International Monetary Fund (IMF) committee, she told leading financial figures that the UK’s productivity challenge has worsened since leaving the European Union (EU).

Ms Reeves said: “The UK’s productivity challenge has been compounded by the way in which the UK left the European Union.”

Taking a swipe at Ms Reeves’s performance as Chancellor, Eamonn told GB News viewers: “I would love to be in Number 11.

“I could guarantee I would save money for this country. I could fully guarantee it.”

Hitting out at the state of the UK’s economic growth, Eamonn fumed: “No politician knows how to create economic growth, that’s what really gets me.

“None of them will turn around and be brave enough to say, we’re going to have to do a limited amount of fracking, or we’re going to have to increase the coffers by doing these projects.”

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Weighing in on the Chancellor’s efforts to grow the economy, broadcaster Cristo Foufas stated that the “gloomy situation” Ms Reeves speaks of is one she “created herself”.

He explained: “She’s insisted that Britain can defy gloomy economic forecasts, the gloomy economic situation which she has herself created.

“She’s made it worse. I don’t doubt that there was a black hole, but now the black hole is even bigger as a result of Rachel Reeves’s decisions, which she’s now saying that we don’t need to be gloomy about it.”

Suggesting that the economic growth will come with “lowering taxes” instead of increasing them, Mr Foufas told GB News: “If you lower taxes, what that means is that more people have more money in their pocket, and they then spend that money on the high street.

“They get their taxes through VAT, they get their taxes through National Insurance because people get employed. That creates economic growth, but what they are doing is just hammering people.”

Broadcaster Penny Smith interjected and pointed out the impact of Labour’s hike on National Insurance: “Look at National Insurance, you make the employer pay more National Insurance, what happens?

“Oh, hold on a second, they employ fewer people.”

Mr Foufas responded: “Exactly, and then that means that more people are on benefits, all this sort of stuff. So they are creating this situation.”