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flag UK Labour raises National Insurance, risking job losses and adding £3,500 to family costs.

flag The UK's Labour government has increased National Insurance Contributions (NICs), raising concerns about job losses and economic strain. flag The hike, which increases employer NICs from 13.8% to 15%, is expected to make working families £3,500 worse off and could lead to slower wage growth and redundancies. flag The move, part of a £25 billion tax increase, has also caused business confidence to drop. flag Meanwhile, household costs are rising due to increases in council tax, TV licence fees, and utility bills.

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