November
Saturday
2nd
2024
The double hit of the rise in employer's national insurance and the rise in the minimum wage may force GPs and care homes to close; mortgage rates rise because of the huge rise in government spending and borrowing; American employers to re-think their presence in Britain, where confidence in the economy falls sharply.
But it's not all bad news. If you are a dole wallah things are looking good, as spending on working age benefits is expected to see a rise of £19bn, comfortably wiping out the £16bn raised by the increase in national insurance taxation. And, of course, the public sector's gold plated pensions are protected from the rise in inheritance tax.
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