Has the chancellor just raised the most painful tax of all ?

If there’s one thing Rachel Reeves drilled into us in the months before delivering her first budget, it’s that none of her tax rises would target working people. So how have we ended up with a £40 billion tax raid which WILL almost certainly hit working people? The NI increase to employers will make it harder for them to hire, raise wages or expand businesses. So how does that add up? And why were there no new measures today to offset the cuts to winter fuel allowance for the elderly? We popped down to the Treasury to ask Reeves in person. Later, Steve Bannon is out of prison, Joe Biden is messing up his apostrophes and Kamala Harris is speaking to thousands of fans - in a district she’s already won. Just another crazy day in election town.Editor: Tom HughesExecutive Producer: Louis DegenhardtProducer: Natalie Indge Digital Editor: Michaela WaltersSocial Media Editor: Georgia FoxwellVideo Production: Rory Symon, Shane Fennelly & Arvind BadewalDigital Journalists: Michael Baggs & Jacob PaulDon’t forget you can also subscribe to our other News Agents podcasts via the link below:https://linktr.ee/thenewsagents You can listen to this episode on Alexa - just say "Alexa, ask Global Player to play The News Agents"And you can grab your News Agents merch, including t-shirts, hoodies and water bottles at the link below.https://store.global.com/collections/the-news-agentsThe News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/