UK Chancellor Rachel Reeves
The UK chancellor has given the clearest signal yet that businesses will face an increase in National Insurance on the day the government announced billions of pounds of overseas investment had been secured.
Rachel Reeves said Labour's election pledge not to increase National Insurance on "working people" related to the employee element, as opposed to the sum paid by employers.
Her comments come as businesses await the new government's economic plans in the budget later this month.
The government claimed its international investment summit on Monday secured £63 billion of private funding for UK projects.
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