Has the chancellor just raised the most painful tax of all ?
If there’s one thing Rachel Reeves drilled into us in the months before delivering her first budget, it’s that none of her tax rises would target working people. So how have we ended up with a £40 billion tax raid which WILL almost certainly hit working people? The NI increase to employers will make it harder for them to hire, raise wages or expand businesses. So how does that add up? And why were there no new measures today to offset the cuts to winter fuel allowance for the elderly? We popped down to the Treasury to ask Reeves in person.
Later, Steve Bannon is out of prison, Joe Biden is…
The skinny
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