Tory MPs and business groups urge chancellor to scrap increase intended to fund NHS and social care amid fears of stagflation
The Federation of Small Business wants Sunak to rethink his plans.Chancellor Rishi Sunak is under renewed pressure from MPs and business groups to rethink plans to increase national insurance next month, as fears grow that Russia’s invasion of Ukraine will dramatically worsen the cost of living crisis and plunge the economy into “stagflation”.
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