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Reeves defends Labour’s £40bn tax rise as businesses prepare for NICs hike

Chancellor says autumn budget enabled £25bn of extra investment into NHS and shorter waiting listsRachel Reeves has defended the £40bn in tax increases in autumn’s budget as businesses brace for their impact, saying NHS waiting lists would now be higher if she had not taken action.Employers are set for a £25bn increase in national insurance contributions (NICs), which comes into force on 6 April, at the same time as consumers are being hit by a slew of increases in bills for everything from utilities to car tax. Continue reading...

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