GB News presenter Patrick Christys launched a scathing attack on the Prime Minister during a heated debate about Britain's millionaire exodus, branding him a "jellyfish of a man in Downing Street".

His remarks came as he cited analysis from Helen Miller of the Institute for Fiscal Studies, who questioned the Government's ability to tackle structural challenges despite its 165-seat majority.

Discussing this, Patrick said: "Helen Miller, from the Institute for Fiscal Studies, has said: 'This is a Government with a majority of 165 that is seemingly unable to reform either pensioner winter fuel payments or working-age disability benefits.'

"That doesn't bode well for those hoping it will grasp the nettle and address the deeper structural challenges facing the UK's public finances.

Patrick Christys said he loves billionaires

"Jonathan, I put it to you that Britain needs a leader. Britain is facing an existential crisis. It is in terminal decline and what we have is a jellyfish of a man in Downing Street."

Political commentator Jonathan Lis said: "I don't accept that Britain is facing an existential crisis. I don't accept that we have to be in terminal decline.

"This kind of miserabilism that we're always told comes from the left, it's just not true. Britain obviously has major challenges. I don’t believe this is one of them."

Patrick said: "Why is that not one of the challenges? So, Jonathan you don't think that record numbers of wealthy people leaving Britain in a single year is a challenge?"

Lis responded: "Those people were siphoning off wealth anyway, so it was trickle-down economics but without any of the wealth actually trickling down at all."

Outraged, Patrick said: "Okay so you just say F the millionaires?

Jonathan explained: "Look, they can do what they like. People like living in London. Just like they like living in New York."

Patrick later added: "Well, you're not going to be able to put £20,000 a year into a cash ISA. It's going to be your tax fee that is gonna be £5,000. It sucks the aspiration away.

"The good people who are wealthy created it. I love millionaires. I'd like to be one one day. I really love multimillionaires. I absolutely adore billionaires. Why?

"Because they employ people and they pay a load of tax. They take a lot of risk. They are people that we like."

London, which has traditionally been a popular destination for the world's super-rich, has seen its status transformed into one of the most expensive places to live

Britain is on track to lose more than 16,500 millionaires in 2025, according to the Henley Private Wealth Migration Report.

The exodus represents more than double the anticipated number and marks one of "the largest net outflow" from any country in several decades.

London, which has traditionally been a popular destination for the world's super-rich, has seen its status transformed into one of the most expensive places to live.