Labour argues the pledge to abolish national insurance contributions would amount to £46 billion and ‘puts people’s retirement at risk’.
Rishi Sunak has insisted the state pension would not be cut to fund his ambition to scrap national insurance contributions altogether.
He added: “When a lifelong Tory and doctor says that the only cure for the NHS is a Labour Government isn’t the time the Prime Minister admits he has utterly failed?” After Sir Keir switched attention to national insurance contributions and pensioners, Mr Sunak noted the Institute for Fiscal Studies has said the link between national insurance and public services funding is “illusory” before he joked: “Just like Labour’s economic plans.
“But pensioners and those who are planning their retirement deserve better than his contempt for their questions, because if £46 billion was cut from its funding, the value of the state pension would almost half.”
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