Astonishing Admission From The Chancellor......

[ToraToraTora]

https://www.express.co.uk/news/politics/1969593/jeremy-hunt-warning-rachel-reeves-budget

...well I'll go to the foot of our stairs!

[drmorgans]

 

Does the OBR say that incomes will increase during the parliament?

 

[gramps85]

That woman has no shame.

[naomi24]

No sense either.

[webbo3]

\\

She said: "I said that [the national insurance increase] will have consequences.

"It will mean that businesses will have to absorb some of this through profits and it is likely to mean that wage increases might be slightly less than they otherwise would have been.//

Businesses won't absorb it, they will pass it on to the consumers and workers and will result in price increases and job losses.

[Bazile]

What has been the previous governments record with  respect to taxes / NI / spending , over their term in office ?

[ToraToraTora]

webbo: "Businesses won't absorb it, they will pass it on to the consumers and workers and will result in price increases and job losses." - yep price increases = inflation = interest rate rises; job losses = more on the rock and roll = increased benefits bill! I doubt the hike will add anything like £20bn net. It's junior school tuck shop economics from the tea leaf.

[Peter Pedant]

The astonishing admission is

"Rachel Reeves has admitted workers' wages may not increase as much because of her £40billion tax-raising budget."

for those of us who can be arrissed to wade frooda the garbage ( thanks Mr Biden) to make the point

well TTT - you voted for her !