The head of the Confederation of British Industry has warned Chancellor Rachel Reeves not to inflict what she said would be “death by a thousand taxes” on British business in Wednesday’s budget.
[Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe]
Rain Newton-Smith said the government must “change course” and avoid heaping more costs on firms.
The Chancellor is expected to hike taxes to fill a black hole in the public finances.
Speaking to the CBI, the Business Secretary said the government knows it is responsible for growing the economy.
——-
Get more news at our site – https://www.channel4.com/news/
Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe
Follow us:
TikTok – https://www.tiktok.com/@c4news
Instagram – https://www.instagram.com/channel4news/
Twitter – https://twitter.com/Channel4News
Facebook – https://www.facebook.com/Channel4News/
