Fury Erupts Over Government's Claim
Outrage ensued after the Government denied raising National Insurance at the Budget, despite a £25 billion raid led by Rachel Reeves. The Treasury's social media post stating there were "no increases to rates of Income Tax, National Insurance or VAT" sparked bewilderment.
Backlash and Criticism
Tory Shadow Chancellor Mel Stride has lodged a complaint with the Treasury over the misleading information. Top economist Paul Johnson criticized the tweet, calling it "dubious" and highlighting the increase in NICs as a significant revenue-raiser in the Budget.
Accusations and Defenses
Questions have been raised about the Treasury's claims, with Tory MP Jack Rankin questioning the civil service code of conduct. Chancellor Rachel Reeves defended the tax hikes, stating they were necessary to stabilize public finances and address the country's economic challenges.
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