PM: ‘Very clear’ Labour manifesto only ruled out NI hikes on working people

Prime Minister Keir Starmer at the government’s investment summit in October 2024. Photo: UK Government

The Prime Minister has said Labour was “very clear” the party was only ruling out extra taxes on working people in the run-up to the election, as expectations grow the government will hike employer national insurance contributions in the Budget.

Speculation about a looming tax hike for employers dominates today’s news frontpages, after Chancellor Rachel Reeves refused to rule out such an NI increase at yesterday’s government-organised international investment summit.

READ MORE: ‘Voters don’t want de-regulation. They want government to have their back’

Keir Starmer did not play down the prospect of such rises – dubbed a “tax on jobs” by the Tories – on BBC Breakfast this morning, but warned of a “tough” Budget.

He said it was “very clear in the manifesto we wouldn’t be increasing taxes on working people”, and “where made promises, we’ll be keeping them”.

Starmer also said at the summit that speculation capital gains tax could rise to 39% was “wide of the mark”.


SHARE: If you have anything to share that we should be looking into or publishing about this story – or any other topic involving Labour– contact us (strictly anonymously if you wish) at [email protected]

SUBSCRIBE: Sign up to LabourList’s morning email here for the best briefing on everything Labour, every weekday morning. 

DONATE: If you value our work, please donate to become one of our supporters here and help sustain and expand our coverage.

PARTNER: If you or your organisation might be interested in partnering with us on sponsored events or content, email [email protected].

More from LabourList

DONATE HERE

Do you value LabourList’s coverage? We need your support.

Our independent journalists have been on the ground during this local and by-election campaign, which marks the first key electoral test of Keir Starmer’s government. 

We’ve been out and about with Labour activists and candidates across the country from Bristol to Hull, and will soon be heading to Cambridgeshire and Lancashire – as well as Runcorn and Helsby. We’ve also polled readers for their views on the campaign.

LabourList relies on donations from readers like you to continue its fair, fast, reliable and well-informed news and analysis. We don’t have party funding or billionaire owners. 

If you value what we do, set up a regular donation today.

DONATE HERE