Politics LIVE: Rachel Reeves blasted as 'families to be £3,500 worse off'

Rachel Reeves came under fire from the Tories over claims families will be £3,500 worse off because of Labour's national insurance tax raid. The Chancellor hiked national insurance contributions for employers in her autumn budget. Working families will be £3,536 worse off over the course of this Parliament due to the cost being passed on in lower wages, according to analysis by the Conservatives .

Tory leader Kemi Badenoch said: "Rachel Reeves has gambled with the economy leaving us dangerously vulnerable to American tariffs. Labour’s unprecedented borrowing spree and record levels of tax means she has pulled the handbrake on economic growth. “The Prime Minister might think this is all just pocket money, but Britain’s working families will certainly notice the £3,500 Labour ministers have cost them.



Labour didn’t have a plan and now they have snatched winter fuel payments from pensioners, introduced emergency welfare cuts, and from this weekend will be hiking taxes on work through their jobs tax.” Labour has insisted tax hikes were needed due to the state of the economy left by the Tories . FOLLOW BELOW FOR LIVE UPDATES:.