Veteran broadcaster Andrew Neil has issued a stark warning to the British public, predicting the “biggest tax raid in history” under the current Labor government.

In a scathing Mail Online column, Mr Neil claims that Chancellor Rachel Reeves is preparing to unleash an unprecedented tax rise in her next Budget.

Mr Neil highlighted Labor’s reversal from its pre-election promises, where they assured voters that tax increases on workers would be minimal.

Instead, he claims, Britons now face a series of sharp rises. He wrote: “In less than two weeks we will be faced, in monetary terms, with the largest tax sweep in history – mercilessly adding to what is already the highest tax burden in 70 years . »

Among the most worrying measures, Mr Neil highlights a likely £12 billion increase in National Insurance Contributions (NICs), which he says will mainly affect workers.

He said: “Reeves is working hard on a £12 billion increase, probably the biggest tax rise in his next budget. It’s another tax on workers.

Mr Neil also criticized Labour’s wider economic strategy, suggesting new taxes would come on top of already record taxation, with little promise of significant economic growth.

He said: “New taxes will come on top of existing record taxation. Public spending is near record levels, at 45 percent of our GDP. But we are going to spend even more.”

The channel accused Labor of breaking its campaign promises and adopting a “borrow, tax and spend” approach, despite its previous commitments to be fiscally responsible.

He argued that around 40 per cent of the alleged £22 billion budget hole had been created by public sector pay rises implemented by the chancellor just weeks after Labor came to power.

Since then, the scale of the identified budget deficit has widened, with the Chancellor now expected to announce up to £40 billion in tax rises.

Ms Reeves said closing the wider gap would protect key departments from budget cuts in real terms and strengthen the economy, while the initial £22 billion would only have been enough to “keep public services standing still” .

Ms Reeves will unveil the new government’s autumn budget on Wednesday October 30.