Chancellor Rachel Reeves is set to announce Labour’s first Budget in 14 years.
The UK’s first female chancellor will deliver the first Labour budget since Alistair Darling in 2010, promising to put “more pounds in people’s pockets”.
But commitments not to increase income tax or national insurance on employees are likely to see companies hit with a greater share of the burden to help repair the nation’s finances and fund stretched public services.
It comes after she received a mixed response after confirming that the minimum wage in the UK will rise by 6.7% to £12.21 an hour next year.
While welcomed generally, some of those in Northern Ireland warned against dramatic changes which would particularly impact smaller businesses here.
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