Rachel Reeves hinted at potential tax rises for employers, including national insurance on pension contributions, while insisting Labour will uphold its manifesto commitments despite facing a £22bn funding gap.
Keir Starmer reinforced the urgency of addressing public finances, stating that public services require 'urgent care' and that leaders must confront financial challenges directly, rather than let them worsen.
Reeves argued that maintaining fiscal stability is essential for businesses, suggesting that tax increases would be necessary to close the gap between government spending and tax receipts.
Despite speculation about raising taxes on working people, Reeves emphasized the commitment to manifesto promises, indicating a careful balance between meeting financial needs and political pledges.
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