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Labour planning bosses' insurance hike
Prime Minister Sir Keir Starmer speaks to the media in Downing Street, London, ahead of a Cabinet meeting, October 15, 2024
LABOUR is considering raising employers’ National Insurance contributions in the forthcoming Budget, it has become clear.
Prime Minister Sir Keir Starmer has indicated that he does not regard the levy as covered by his election commitment not to increase taxes on “working people.”
This was stated as covering income tax, VAT and National Insurance, but it did not specifically mention bosses’ contribution to the latter.
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