Meeting of the Parliament 20 November 2024
In politics, there are lies, damned lies, and then there are the election commitments and employment claims from Labour’s new Chancellor of the Exchequer. Rachel Reeves might or might not be an economist, but it is now crystal clear that she is supremely capable of being economical with the truth. It is clearer by the day that people, businesses and our public services will pay the ultimate price.
When it comes to national insurance, let us be clear about what the Labour Party’s manifesto said. It said:
“Labour will not increase taxes on working people, which is why we will not increase National Insurance”.
In recent weeks, Labour has argued that its commitment applied only to working people, not to employers. However, Rachel Reeves’s broken-promise budget—