Stride stated that Labour's intention to raise national insurance contradicts their manifesto promise not to increase taxes, emphasizing that it's a "very bad tax" that harms jobs.
Stride emphasized that raising national insurance breaches Labour's election pledge, which claims they would avoid tax increases, ultimately negatively impacting economic growth.
The Business Secretary pointed out that Labour's tax pledge excluded employer national insurance and called the upcoming budget a crucial opportunity for growth.
Jonathan Reynolds clarified that Labour's promise against national insurance increases applied only to employees, not employers, suggesting a nuanced interpretation of their previous commitments.
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