Sir Mel Stride

Sir Mel Stride

Conservative — Central Devon

Speaking in the House of Commons on 4 November 2024

Debate

Income Tax (Charge)

Contribution

The Labour party pledged at the last election to usher in a new form of politics based on transparency and integrity. When pressed, Labour Members ruled out a large number of tax rises. One of these taxes, as the Labour manifesto explicitly stated, was national insurance: “we will not increase National Insurance”. Yet, only a few short weeks later, what has happened in this Budget? Employers’ national insurance contributions have been raised, which is a direct breach of the Labour manifesto. Do not take my word for it—Paul Johnson, the head of the Institute for Fiscal Studies, has said exactly the same. Of course, despite being at the scene of the crime, the Government have since hidden behind their alibi that, somehow, putting up employers’ national insurance contributions will have no impact on working people, but that is simply untrue.

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