13 hours ago
Labour Budget Squeezing Middle-Class Workers, BOE Report Finds
By and Tom Rees
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UK Chancellor of the Exchequer Rachel Reeves' decision to push up taxes for employers and increase the minimum wage is squeezing pay for middle earners, moving work overseas and inflating food prices.
That's the conclusion of the local network that feeds on-the-ground intelligence to the Bank of England, in a report that will make uncomfortable reading for the Labour government.
