Chancellor concedes employers’ National Insurance boost will likely lead to smaller pay rises
LOWER pay, higher rents and working harder for longer clouded Britain’s prospects further today as Rachel Reeves’s Budget measures sank in.
The Chancellor conceded that the boost to employers’ National Insurance (NI) contributions was likely to lead to smaller pay rises for millions.
And independent think tanks warned that the Budget meant that workers would be no better off at the end of this parliament than now, meaning Britain’s stagnant wage crisis could run for at least 20 years.
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In the first of two articles, ROBERT GRIFFITHS argues that despite a parliamentary majority, Labour’s timid Budget fails to seize a historic opportunity and lacks the ambition needed to address Britain’s deep social and economic crises
