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Live Event: What Did Rachel Reeves Risk With Her First Budget?

Merryn Talks Money

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Economic Impacts of Budget Decisions

This chapter examines the effects of recent budget decisions on national insurance contributions and minimum wage increases, particularly for small to medium-sized enterprises. It highlights concerns regarding a tax rise's impact on real wages and employer productivity, while discussing the positive alignment between higher wages and employment levels. The chapter also explores wage compression, labor market dynamics, and the implications of budget allocations in the social care sector.

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