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Rachel Reeves increased the minimum wage, the rate of employers’ national insurance and the amount of income on which that charge is levied in her Budget. Now every labour-intensive activity in the country, from the NHS, to teaching and childcare as well as hospitality, and many smaller businesses are rightly complaining. Reeves made a massive mistake. She has to change her mind.
By Richard MurphyRachel Reeves increased the minimum wage, the rate of employers’ national insurance and the amount of income on which that charge is levied in her Budget. Now every labour-intensive activity in the country, from the NHS, to teaching and childcare as well as hospitality, and many smaller businesses are rightly complaining. Reeves made a massive mistake. She has to change her mind.