The Chancellor is expected to use her first Mansion House speech in the City of London to 'spell out the next phase' of Labour's plan
Rachel Reeves is set to announce new pension reforms this week, aimed at directing funds towards infrastructure and private businesses.
The Chancellor is also expected to emphasise "the untapped potential we have here in Britain, the opportunities available that can be realised, the partnerships that can be forged, the wealth that can be created" as "the prize on offer". This may encompass collaborations with economies in Europe, the Middle East, Asia and the US, according to the PA news agency.
"Unquestionably they will lead to business closures and job losses within a year. The threshold change brings many team members into employer NICs for the first time. We estimate the threshold change may be four times the cost of the new headline rate. The letter read: “We know you are determined to ensure that growth is available to all. Yet this change to NICs does the opposite, balancing the books on the backs of the businesses which provide jobs to all in society, nationwide, while sparing businesses that used technology to shed jobs.”
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