Guest
The Chancellor is expected to raise employer National Insurance rates in Wednesday’s Budget to increase funding for public services like the NHS. Rachel Reeves plans to also lower the earnings threshold at which employers start paying the tax, with these changes projected to bring in around £20bn. Currently, employers pay 13.8% on earnings over £175 a week. This increase is expected to be the Budget’s largest revenue source, although it will likely exclude pensions. A government source stated, “The NHS needs more money, and this requires businesses to help.” Alex Phillips is joined in studio by political strategist, Peter Barnes. #news #politics #money #finance #uk #government #labour #talk #talkradio
