Fresh row over 'jobs tax' as revenue claims challenged

A FRESH row has erupted just weeks before Rachel Reeves' National Insurance hike comes into effect after the Treasury’s headline figures were scrutinised.

- By Samuel Norman

When announcing her 1.2% increase at the Autumn Budget, Ms Reeves said it would raise “£25bn per year by the end of the forecast period”.

The Office for Budget Responsibility later looked at the figures and calculated just £23.8bn would be raised in 2025, with £5.5bn in indirect costs. In 2026, costs are expected to jump to £9.1bn, dragging employers’ National Insurance Contributions revenue down to £14.6bn.