Minister rejects Streeting call to consider national insurance cut

Wes Streeting has suggested a ‘targeted reduction’ in national insurance contributions as a way of boosting employment (Jeff Moore/PA) - (PA Wire)

A senior minister has warned of “consequences” for public spending of any cut to national insurance after Wes Streeting suggested the move as a way to boost employment.

The Labour leadership hopeful suggested a “targeted reduction” of employers’ national insurance contributions in an interview with the Sunday Times as a way to “actively incentivise” hiring, particularly of young people.