The Shadow Chancellor has launched a bitter attack on the Chancellor over her decisions which has led to an economic crisis.

Mel Stride warned the Prime Minister that he is “damned if he does” sack the Chancellor and “he will be damned if he does not.”

Quoting Shakespear’s Hamlet Stride asked, “to go, or not to go, that is now a question,” then accused Labour of giving promises to voters by “pouring the poison into their ear.”

The Chancellor said that the “economic headwinds” Britain is facing shows that the government has to go “further and faster in our plan to kickstart economic growth” as under the Conservatives it “plunged.”

Stride told MPs in the house of Commons on Tuesday, “We have seen it all before. Socialist governments, that think they can tax and spend their way to prosperity, Labour governments that simply do not understand that if you tax the living daylights out of business, you will get stagnation.

“They do not understand, because there is barely a shred of business experience on the frontbench opposite.”

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The Shadow Chancellor added, “This whole sorry tale is nothing short of a Shakespearean tragedy, playing out before our eyes. This is the Hamlet of our time. They promised the electorate much, while pouring the poison into their ear.

“At the end, you can feel the end, the Chancellor flailing, estranged, it seems, from those closest to her, those about her falling, the drums beating ever closer.

“To go, or not to go, that is now a question. The Prime Minister will be damned if he does, but he will surely be damned if he does not. The British people deserve better.”

Reeves said, “You can now see what happens when the Leader of the Opposition (Kemi Badenoch) tells the shadow cabinet that they shouldn’t have any polices.

“Because as far as I can tell, the Conservative Party’s economic strategy is to say that the UK should not engage with the second-largest economy in the world or indeed with our nearest neighbours and our biggest trading partners in the European Union.

“His economic strategy is to support higher spending but none of the right decisions that are required to deliver sound public finances.

“His economic strategy is to ignore the mistakes of the past with no apology to the British people for his part in Liz Truss’s mini budget that crashed the economy.

“Now, I mention Liz Truss’s mini budget, but I appreciate that having said that I may now receive a cease and desist letter from her later.”