By The Telegraph (Politics) | Created at 2024-10-31 07:21:28 | Updated at 2024-11-01 00:39:41
17 hours ago
Rachel Reeves refused to rule out further increases to employer National Insurance contributions after unveiling a £25 billion raid on the levy at yesterday’s Budget.
The Chancellor said she would not “tie my hands further than I already have done” in terms of what could happen in the next five years.
But she insisted Labour will stick to its pledge not to increase income tax, VAT or National Insurance for employees.
Asked if she could rule out rises in taxes for working people during the current Parliament, Ms Reeves told The News Agents podcast: “Our commitment to those taxes for working people was for the duration of this Parliament, and we will stick by those pledges.”
Asked if employer National Insurance contributions could go up again, she said: “I’m not going to tie my hands further than I already have done.”
Ms Reeves announced yesterday that she was increasing employer National Insurance contributions by 1.2 percentage points to 15pc from April, generating £25 billion.
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