Rachel Reeves, the Labour Party’s shadow chancellor, has been warned that raising employer National Insurance Contributions (NICs) would breach their commitment against increasing taxes. This follows growing speculation that she will increase this levy in an upcoming budget. But business secretary Jonathan Reynolds suggested the pledge only applied to employee contributions, hinting at a possible change. To support Labour’s anti-austerity goals, the party needs to raise £25bn ($34bn) annually in tax hikes, says the Institute for Fiscal Studies.
Hackers are selling counterfeit phones with crypto-stealing malware
Kaspersky has identified thousands of low-cost Android smartphones sold online that come with preinstalled malware programmed to steal cryptocurrency details. The devices are infected with
