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Wes Streeting calls for national insurance cut and North Sea drilling

Labour leadership hopeful says NI reduction for firms could ‘incentivise’ hiring, particularly of younger people

Wes Streeting has called for national insurance cuts for businesses, and for the government to drill for oil and gas in the North Sea.

The former health secretary and potential Labour leadership candidate told the Sunday Times there should be a “targeted reduction” of employers’ national insurance contribution as a way to “actively incentivise” hiring, particularly of young people.

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May 31, 2026 Wes Streeting Politics UK news

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