Rachel Reeves admits autumn Budget likely to hit pay for workers

Rachel Reeves admits autumn Budget likely to hit pay for workersBBC

Transcript

00:00Do you stick to your words that you said in the past that a national insurance rise on business is quotes a jobs tax

00:07Which takes money out of people's pockets

00:13Say yesterday that this will have an impact on wage growth for example

00:18But so it is a job tax, which will take money out of people's pockets just to be clear

00:22Well, look what alternative was there? We had a 22 billion pound black hole in the public finances

00:29The alternative is to spend less, is to borrow less, is not to tax businesses in something you call a jobs tax

00:35Well, we face a 22 billion pound black hole in the public finances. Your figure, not the official figures

00:41Well, we published yesterday Nick a line-by-line breakdown of those 22 billion pounds of unfunded

00:49commitments so they're now there for everybody to see and to pour over but that 22 billion pounds is a real number and