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More evidence that the Budget raises taxes for workers

6 November 2024

3:56 AM

6 November 2024

3:56 AM

Six days on from the Budget, and things don’t look any better for Rachel Reeves’s claim that her Budget won’t negatively affect working people. Today and tomorrow, it is the turn of the Commons Treasury Select Committee to pick through the wreckage.

What have we learned so far?

David Miles from the Office for Budget Responsibility (OBR) doubled down on the effect of the rise in employers’ National Insurance (NI).

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