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Home World Europe

Reeves set to increase employers’ national insurance contributions

25 October 2024
in Europe
Reeves set to increase employers’ national insurance contributions
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The Independent is seeking support to continue sending journalists to cover the close election race between Trump and Harris, as polls show a dead heat. Rachel Reeves plans to increase employers’ national insurance by up to 2 percentage points to raise £20 billion, the largest tax rise in Labour’s budget in 15 years. The move aims to fund the NHS and balance the books, with the burden falling on the private sector while public sector employers will be reimbursed by the Treasury.

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Tags: contributionsEmployersincreaseInsuranceNationalReevesset
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