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The Guardian

‘There will be consequences’: budget may mean smaller pay rises, says Reeves

The Guardian on
‘There will be consequences’: budget may mean smaller pay rises, says Reeves



Increase in employers’ national insurance contributions will affect businesses but is projected to raise £25bn Politics live – latest updatesThe budget is likely to mean smaller pay rises for workers because of the impact on businesses, Rachel Reeves has conceded.The chancellor said she recognised “there will be consequences” to her first budget which includes £40bn in tax rises, more than half of which come from increasing tax on businesses. Continue reading…



Source link : https://www.theguardian.com/uk-news/2024/oct/31/consequences-budget-smaller-pay-rises-nic-rachel-reeves

Author : Eleni Courea Political correspondent

Publish date : 2024-10-31 09:48:28

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Tags : The Guardian

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