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Evening Standard
Evening Standard
Business
Sophie Wingate

Reeves: ‘Valid’ to say national insurance hike should not have happened

Three out of four recent pay deals are higher than a year ago, new research suggests (Alamy/PA) -

Rachel Reeves has said there was a “valid argument” that she should not have hiked employers’ national insurance contributions after the number of jobless young people edged closer to one million.

But the Chancellor insisted the move announced in 2024 was needed to put money into public services.

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