Reeves Blows £8Bn Hole In Council Budgets With Tax Raid

[webbo3]

https://www.telegraph.co.uk/business/2025/02/14/rachel-reeves-blows-black-hole-council-budgets-tax-raid/

\\Rachel Reeves will blow an £8bn hole in council finances with her record Budget tax raid, local authorities have warned...//

\\Increases in minimum wage and National Insurance will hit local authorities//

You don't say

https://www.express.co.uk/news/politics/2014603/rachel-reeves-warned-more-massive

\\Labour local authority leader says increase in National Insurance is partly to blame for £8bn funding black hole//

 

 

[naomi24]

From the link.   //Rachel Reeves warned more massive council tax rises on the way//

 

This from the dulpicitous bunch who promised not to hit the working man with taxes.  Who do they think will be paying the increased costs?

[Omg21]

It's not just council budgets though. It's blowing a black hole in company finances as well.  A relative has been made redundant as the company is moving operations overseas due to the rise in NI and the minimum wage.

[New Judge]

I seem to recall one of our correspondents  suggesting that people were making too much of  big deal over the employers' NI increases.

[davebro3]

yes - not all employers are obscene capitalists!

[Deskdiary]

Indeed NJ - he said he thought people were making a "fuss" about the NI raid. It was naivety taken to a weapons grade level.