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//The chancellor is set to increase the National Insurance rate for employers to boost funding for public services including the NHS.
Rachel Reeves is also expected to use Wednesday's Budget to lower the threshold for when employers start paying the tax - with the two measures combined to raise about £20bn.//
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Cue job losses and a reluctance to invest. Clever!
No best answer has yet been selected by naomi24. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It'll only put pressure on costs and jobs in the private sector. The public sector will not be affected. As the Independent says:
"The burden will fall entirely on the private sector, with public sector employers such as the NHS and Government departments reimbursed by the Treasury. The current national insurance rate paid by employers is 13.8 per cent. Ms Reeves is set to increase this between one and two percentage points,"
Not one member of this labour cabinet has ever had any business experience let alone run a business.
Anyone running a small business and is contemplating taking on extra staff will probably be put off by this and the other discussed, restricting measures to be imposed on them.
This government really seems incapable of joined-up thinking.
First off ABs have been complaining about the government borrowing money, now you complaine about ways of raising money. Do you really think that this labour government are the only government to have taken this action on raising these to items. Really? Could this be another, can't do right for doing wrong, but its all wrong if a labour government do it. •<:○)
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