Rachel Reeves defended the increase in employer National Insurance contributions, arguing that raising funds was necessary for stabilizing public finances, despite criticism from businesses.
The rise in National Insurance contributions, which will see employers paying 15% on salaries above £5,000 instead of 13.8%, has drawn criticism, particularly from GP representatives.
Kemi Badenoch criticized the tax increase, saying it would not facilitate economic growth and would ultimately make everyone poorer, suggesting a lack of coherence in Reeves's plans.
Reeves acknowledged previous misstatements on tax increases during the election, attributing the need for changes to the significant financial challenges inherited from the previous government.
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