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Keir Starmer confirmed that an increase in the employers’ rate of National Insurance is likely in the upcoming Budget, despite Labour’s manifesto pledge not to raise taxes on working people. The move has sparked criticism for potentially breaching the manifesto promise, with experts pointing out that raising employer NICs would be a straightforward breach of the manifesto but could be a more efficient way to raise funds than other tax options. This decision has raised concerns about the impact on businesses, employment, and economic growth.
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