Pressure Mounts on Rachel Reeves to Revise Tax Policies Amid Economic Slowdown

Rachel Reeves is under pressure from the Resolution Foundation to reconsider her election pledge regarding national insurance and income tax. The proposal suggests reducing national insurance by 2p and reallocating it to income tax, potentially raising £6 billion annually. This shift aims to create a fairer tax system and protect workers' wages in light of a slowing economy, making it a significant topic for government discussion.