Rachel Reeves, the Labour Chancellor, unveiled a budget set to raise £40 billion through tax increases, notably altering Employers’ National Insurance Contributions. This reform threatens to elevate employment costs, hitting women—especially part-time workers—hardest.

Experts caution that the changes may shrink part-time job availability, undermining women's participation in the workforce and stunting their financial independence. Critics assert that the budget risks deepening existing inequalities, particularly among single-parent households and low-income earners, as the burden of these taxes falls unevenly. 

In this climate, the economic landscape appears increasingly divided, with "far right" and "progressive" factions clashing over the implications of such fiscal policies.

The Digest, 11/4/2024 @300AM, CDT

Loading...