was dealt yet another blow after in a vaccine manufacturing plant.
The chancellor came under fire on GB News for “making an absolute pig’s ear” of investment in the UK since Labour came to power in July.
The vaccine company blamed Labour’s lack of support for pulling the deal, provided a harsh reality check for the chancellor, who had hoped to use a speech to get her economic growth agenda back on track.
GB News presenter Nick Dixon didn’t hold back, saying: “In general, in terms of investment in our country, Rachel Reeves has made an absolute pig’s ear of it.
“It’s the hike in national insurance contributions. Then it’s the roll out of employment rights which sounds good in hippy world but it just means endless people suing you because someone didn’t buy someone a birthday cake.
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Rachel Reeves was slammed on GB News (Image: Getty)
His co-star and fellow presenter Cressida Wetton pointed out: “And less jobs ultimately.”
Nick added: “She’s trying to convince people that we’re great to invest in and everyone’s going, ‘No, but you aren’t because of all the stuff you just did.”
Cressida said: “And what I find really amazing about this is we’ve lost £450 million, having just heard a song and dance about going to China and getting £600m. So that’s not looking so clever now, is it?”
Hitting out at the Labour politician, Nick claimed: “It’s ideological as well. Why do all these things? You’re all about growth but you’re just looking out for your union mates and every worker complaint.
“You’ve come up with this national insurance contribution thing which has been dubbed a jobs tax.”
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Nick Dixon said Rachel Reeves has made “an absolute pig’s ear” of investment in the UK (Image: YouTube)
The presenter concluded: “AstraZeneca are also citing the timing and reduction of the final offer. They’re maybe citing something else, but whatever happens, it’s fallen through.”
Cressida declared: “Well no, they’re saying there was a bigger offer on the table and now it’s gotten quite a lot smaller. It was £90 million to start with and we’re now looking at £40 million.
Andrew Griffith, Shadow Business Secretary, said: “There’s no vaccine for incompetence. In the same week they talked about growth, Labour seem to have fumbled a deal with AstraZeneca, one of the UK’s largest companies and central to the critical Life Sciences sector.
“This is yet another sign that their tax rises and changes to employment law have made the UK an unattractive place to invest. When will Labour learn that only businesses can create growth and jobs in the economy?”