NI Rise: Chancellor needs to think again

EMBARGO: Immediate Release

Responding to Keir Starmer refusing to rule out a National Insurance increase for employers in the Budget on BBC Breakfast, Liberal Democrat Deputy Leader and Treasury Spokesperson Daisy Cooper MP said:

"The Chancellor needs to think again if the government is considering hiking taxes on small businesses, who have already suffered from eye-watering tax rises under the last Conservative government.

"The burden of this budget should fall on the likes of big banks, social media giants and oil and gas firms, instead of our local community businesses. The Chancellor should be protecting these smaller businesses, who are the backbone of our economy and the heartbeat of our communities. 

"Now is not the time to raise national insurance rates on our high streets, local businesses and dynamic entrepreneurs.

"The Conservative government has left our economy on life support. Now is the time to boost growth by backing small businesses and repairing our crumbling public services."

ENDS