Shadow Paymaster General Richard Holden insists the government needs to “rethink what it’s doing in the UK to help businesses” following President Donald Trump’s imposition of US trade tariffs.
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00:00I'm really concerned about the tariffs. I don't think tariffs help anyone. I think that's been compounded here in the UK in some areas by the National Insurance Tax, also hitting literally from yesterday and putting jobs at risk right across the country.
00:14The strategy adopted so far by the Labour government, which is increasing the National Insurance Jobs Tax, which is really harming my constituents but hitting people right across the country, to be honest.
00:25At the same time as it's hitting public sector elements as well. My local GP surgeries have been to me complaining about the impact it's having on, and they might have to shed jobs.
00:35And at the same time, we're seeing those extra regulations as well. Yes, I do think this really requires Labour to really rethink what it's doing here in the UK to help business.