Rachel Reeves hints her Budget will hike National Insurance amid fears she could take £30BILLION from Brits
2 months, 1 week ago

Rachel Reeves hints her Budget will hike National Insurance amid fears she could take £30BILLION from Brits

Daily Mail  

Rachel Reeves dropped a major hint that firms will be hit with a major tax increase in the Budget today. Keir Starmer was warned today that raiding employers' national insurance in the Budget would be a 'straighforward breach' of Labour 's manifesto The head of the IFS, Paul Johnson, said the Labour manifesto was 'clear' on NICs Ministers have been openly arguing that only NICs paid by workers are covered by the vow. In her speech this evening, Ms Reeves told guests the Government would 'create a tax system that supports wealth creation and increases business investment'. This was something neither Labour nor the Conservatives were keen to address during the election campaign, but Ms Pacitti said avoiding those cuts without increasing taxes would mean breaking the Government's promise to balance day-to-day spending with tax revenues. The Resolution Foundation has backed changes to capital gains tax, inheritance tax and employers' national insurance contributions as a way of raising that money, although the latter suggestion would be taken as a breach of Labour's manifesto commitment not to raise national insurance.

History of this topic

Rachel Reeves is accused of 'outright falsehood' after claiming she protected 'working people' by not hiking their NI in her Budget
5 days, 18 hours ago
UK economy shrinks again in another blow to Reeves, new figures show
1 week, 4 days ago
Rachel Reeves tells small business owner: ‘We are trying to help’
2 weeks, 3 days ago
Labour's tax bomb budget causes business confidence to crash to lowest levels since Covid as entrepreneurs accuse Rachel Reeves of undermining growth
3 weeks, 2 days ago
Rachel Reeves brushes off business: Chancellor tells angry business chiefs nobody has any 'alternatives' to her massive Budget tax raid - despite half of firms warning of job cuts
4 weeks, 1 day ago
CBI chief hits out at Reeves after firms face ‘heavy burden’ from tax rises
4 weeks, 1 day ago
Budget risks causing job cuts, says Bailey
1 month ago
Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over Budget
1 month, 1 week ago
Reeves to make pensions pitch in first Mansion House speech
1 month, 1 week ago
Pay growth slumps to near four year low
1 month, 2 weeks ago
Rachel Reeves is warned that women could be 'driven out of work' if nurseries hike their fees as a consequence of the Budget
1 month, 2 weeks ago
Reeves insists Labour will secure growth as she defends Budget choices
1 month, 3 weeks ago
Is the backlash against Reeves’s national insurance hike justified?
1 month, 3 weeks ago
Budget 2024: Rachel Reeves faces backlash from GPs, care homes and hospices over national insurance hike
1 month, 3 weeks ago
Budget tax hikes will be ‘devastating’ for charities, body warns
1 month, 3 weeks ago
Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists
1 month, 3 weeks ago
Chancellor seeks to calm markets amid jitters after Budget borrowing spree
1 month, 3 weeks ago
Martin Lewis blasts Rachel Reeves for not coming on his ITV Money Show as he tears apart Autumn Budget in a brutal rant
1 month, 3 weeks ago
Chancellor Rachel Reeves finally admits her National Insurance rise will hit working people
1 month, 3 weeks ago
Britain faces years of ‘muted’ growth after Reeves’ Budget, warns Moody’s
1 month, 3 weeks ago
US employers rethink plans for UK after Reeves’s £25bn jobs tax
1 month, 3 weeks ago
Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
1 month, 3 weeks ago
Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
1 month, 3 weeks ago
Reeves admits NI hike could hit pay rises while markets react to borrowing spree
1 month, 3 weeks ago
Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising Budget
1 month, 3 weeks ago
Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns
1 month, 3 weeks ago
Brits will end up being paid less after Labour's Budget, admits Rachel Reeves as she refuses to rule out MORE tax hikes and economists warn growth will be crushed record burden
1 month, 3 weeks ago
Tax calculator UK: Check out how Rachel Reeves’ Budget will affect you
1 month, 3 weeks ago
Papers react to Labour’s Budget ‘gamble’
1 month, 3 weeks ago
DAILY MAIL COMMENT: This was a painful budget - with worse to come
1 month, 3 weeks ago
Employers warn of crisis as Reeves increases NI contributions
1 month, 3 weeks ago
Reeves uses first Budget to hike taxes, increase...
1 month, 3 weeks ago
Reeves uses first Budget to hike taxes, increase borrowing and boost spending
1 month, 3 weeks ago
Employer national insurance hike to slow hiring and wage growth, critics say
1 month, 3 weeks ago
Martin Lewis gives his reaction to the budget: From hiking employers' National Insurance to inheritance tax on pensions, the money saving expert's verdict on Rachel Reeves' £40billion tax raid
1 month, 3 weeks ago
Reeves goes after employers with young workers the clear winners
1 month, 3 weeks ago
Employers National insurance: How will the Budget tax rise affect you?
1 month, 3 weeks ago
Autumn budget 2024 predictions: 8 key things to watch out for in Rachel Reeves’s statement
1 month, 3 weeks ago
Millions of working people will suffer from Reeves’s first Budget, warns OBR
1 month, 3 weeks ago
There’s a good reason why this is the leakiest Budget in history
1 month, 3 weeks ago
Reeves warns that Budget pain will just be the beginning with more difficult choices to come
1 month, 3 weeks ago
Starmer intervenes in ‘working people’ Budget row with grim warning
1 month, 3 weeks ago
What are the chances of Rachel Reeves hitting YOUR wallet at the Budget? National insurance, capital gains and inheritance all in the crosshairs as 'tax bomb' looms
1 month, 3 weeks ago
Keir Starmer tells Brits they face a 'harsh reality': Prime Minister issues a new tax warning as Labour's Budget is set to batter employers with a major national insurance rise
1 month, 3 weeks ago
Reeves: Budget tax raid not enough to fix NHS
1 month, 3 weeks ago
No tax hike on payslips, vows minister amid confusion over definition of ‘working people’
1 month, 3 weeks ago
Rachel Reeves might just get away with breaking her promise – here’s how
1 month, 3 weeks ago
Rachel Reeves 'plans to hike employers' National Insurance by up to two percentage points in Budget to raise £20bn for public services'
1 month, 4 weeks ago
Reeves set to increase employers’ national insurance contributions
1 month, 4 weeks ago
Rachel Reeves set to increase borrowing after announcing major change to fiscal rules
1 month, 4 weeks ago

Discover Related