Rachel Reeves has justified the £40 billion in tax increases in the autumn budget, particularly a £25 billion increase in national insurance contributions, as vital for reducing NHS waiting lists, which have reportedly declined over the last five months. Facing criticism from MPs regarding the potential negative impact on businesses and job losses, she emphasized that without such increases, funding for the NHS would suffer. Despite concerns about the implications for the job market, Reeves highlighted that wages are increasing and vacancies remain stable, indicating a resilient labor market.
Rachel Reeves defended the recent £40bn tax increase, arguing it was necessary to reduce NHS waiting lists and maintain investment in healthcare amidst rising business costs.
Despite concerns from business groups regarding job losses due to increased national insurance contributions, Reeves stated evidence shows wages are growing and vacancies remain stable.
Collection
[
|
...
]