Keir Starmer has defended Labour's position on hiking national insurance for employers, claiming it won't break their manifesto promises. Despite warnings from business and the Institute for Fiscal Studies (IFS), Starmer insists that the levy only applies to 'working people' as stated in their election document.
Keir Starmer has insisted that hiking national insurance for employers in the Budget would not break the Labour manifesto.
Sir Keir told the BBC: 'We were very clear in the manifesto that we wouldn't be increasing tax on working people and we expressly said that that was income tax, that was NICs etc.' An Office for Budget Responsibility chart showing how national insurance revenues are already set to climb Amid warnings that she needs to raise up to £30billion on October 30 to balance the books, the Chancellor claimed increasing NICs for employers was not ruled out in the Labour election manifesto.
However, business sources blasted the idea. One industry figure said: 'The main question for firms would be whether to freeze pay or cut jobs.'
Labour Keir Starmer National Insurance Budget Manifesto
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