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Real Estate

Treasury minister: ‘I don’t think employers are working people’

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Sunday, November 1, 2026 at 1:05 PM · 1 min read
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Treasury minister: ‘I don’t think employers are working people’ — London Real Estate news

A top treasury minister has said she does not think employers are working people reigniting fierce debate over whether Labour broke its manifesto pledge not to raise taxes for working people. In its 2024 election manifesto, Labour vowed not to increase taxes on working people , ruling out hikes to income tax, employee National Insurance and VAT. But the government has come under fire, as critics claim the pledge has been broken through significant changes to employer taxation and extended frozen thresholds, leaving those who own a business facing a high tax burden. But chief secretary to the Treasury, Emma Reynolds, disputed these concerns, arguing employers do not come under the umbrella of what is a working person. Speaking on GB News, Reynolds said: I don t think employers are working people, they are companies. Autumn Budget woes Reynolds also disagreed with claims that employers had been treated unfairly in Healey s maiden Budget, arguing the tax increases

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