Eamonn Holmes admits financial concerns for 'affording care' in later life

GB News

GB News host Eamonn Holmes has launched a scathing attack on Labour's foreign aid spending, declaring that British taxpayers "can't afford it".As Prime Minister Sir Keir Starmer prepares to block a raid on wealth tax, Foreign Secretary David Lammy has pledged a £94.5million support package to the Syrian government.FULL STORY HERE.

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00:00Dawn, should we look at The Telegraph and start with Labour exploring a potential wealth tax?

00:05Yes, well, this was, I think, you know, politics at the moment, as you know, Ellie, is completely and utterly mad.

00:10Because it was only at the weekend we had Keir Starmer denying that they were considering a wealth tax.

00:16And move on a day at The Telegraph today are quoting an interview with our, who's it?

00:23Lord Kinnick.

00:24It's D.F.

00:24Yes, yes, yes.

00:25Lord Kinnick.

00:26On TV over the weekend.

00:27It's been a long day already, hasn't it, Biggins?

00:29It has.

00:31Could I just tell you?

00:31She was at Nana's engagement party last night with me.

00:34I know, you see.

00:35Late night, Dawn?

00:35No, no, we had a car crash getting here this morning.

00:37And Biggins, not us personally, the car in front of us had a car crash.

00:40Oh, no.

00:40Sorry, this is really dull, everybody.

00:42And Biggins' taxi didn't turn up.

00:43So I've literally just walked in the door.

00:44It's raining outside.

00:45So, in any case, back to the story.

00:47So it's nothing to do with a hangover.

00:49Any case, this was, over the weekend, this was denied.

00:53But now we have, yes, it's going to happen.

00:552% tax on assets worth more than $10 million, which could help raise $10 billion a year for

01:02the Treasury, which we all know is needed after the U-turn on the benefits.

01:08But it can't happen.

01:09I mean, it basically can't happen.

01:10We've already had, no one really knows for sure, but approximately 16,000 very wealthy

01:15people leaving the country.

01:16If you put additional tax on wealthy people, what they could do, they're just going to

01:21leave.

01:21There'd be another fresh exodus.

01:23We've been here before, haven't we?

01:25But a lot of people are going to say, well, why do we care?

01:28It doesn't affect my life.

01:29I'd have been a council flat in Huddersfield or whatever.

01:32Why do I care if they leave or not?

01:34Because the economy dies.

01:35Yeah.

01:36I mean, it's, you know, it's the 10% of wealthy in this country pay the most tax.

01:41If they're not here to pay the most tax, there's no tax going into the system.

01:44Well, one man who's in that position paying so much tax because of his wealth is Christopher

01:48Biggins.

01:52But, you know, it's funny how people make out always that the older you are, the richer

01:57you are, and that you've no financial worries.

02:00And yet I would put it to you, Biggins, I mean, you and I know each other personally.

02:03I assume as you get older, you worry more about money.

02:06You worry about will you be able to afford a carer?

02:09Will you be able to afford a care home?

02:10Will you be able to afford, just being looked after in general.

02:14And there are demands on whatever money you have.

02:17Absolutely.

02:18And I not only worry about myself, but I worry about friends, too, because I just think,

02:23you know, it's an extraordinary, as you get older, there now seems to be so many elements

02:28against you.

02:30You know, you, I mean, funny enough, as a getting older person, you don't need certain

02:36things.

02:37I mean, how many microwaves do you need?

02:38You don't need them.

02:39But there's other things that you do need.

02:42And also, like, for instance, one of my stories later on is the Labour revolt over special

02:47needs help.

02:48Yeah.

02:49You know, I mean, the demands of the government are huge now.

02:55And, you know, you can't just ignore these things and you just can't throw them away.

02:59You have to help the kids that need the help.

03:02If you look at the papers today, a cross-section of the papers, they've all, to a single paper,

03:06even the day it's done, they've all got stories in there about the autumn statement and where

03:11the money is going to come from.

03:12Yeah.

03:12The benefits U-turn has left a £4.65 billion.

03:15Well, I'll tell you where the money's going to come from.

03:16This makes me quite angry.

03:18Why give £100 million on Friday to Syria?

03:21Yeah.

03:21And we can sit and have the argument about it and whatever.

03:23Point is, the country can't afford it.

03:25No.

03:25We can't afford it.

03:26The taxpayer can't afford it.

03:27So what the heck are we doing it for?

03:29I agree totally.

03:31I mean, you're absolutely right, Eamon.

03:33Mm.

03:33I mean, it's ridiculous.

03:35There doesn't seem to be money for pensioners.

03:37We are now also talking today about raiding pension pots.

03:40The view turned on the winter fuel payment, but now talking about raiding pension pots,

03:45pensioners paying more tax because of fiscal drag, et cetera.

03:48The PIP payments, people with disabilities being taxed more, losing their benefits, going

03:53for each other.

03:53And that doesn't even, another thing that annoys me is that you look at cancer care centres,

03:59hospices and whatever, and they have a massive proportion of what they do.

04:02They have to fund themselves, right?

04:05Why the heck would a hospice have to fund itself?

04:08I think it's absolutely scandalous, ridiculous.

04:10The whole care situation is, is...

04:14Broken.

04:15Broken.

04:15Yeah.

04:16Yeah.

04:16But the trouble is, too, that we...

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