Tax rises will hit growth and hiring, CBI warns, as Reeves prepares to defend budget – business live
Rolling coverage of the latest economic and financial newsRachel Reeves is expected to tell business leaders that they have offered “no alternatives” to her plans, in a defiant defence of her tax-raising budget today.Reeves will tell the CBI’s annual conference in Westminster that no one has offered a better solution to the challenging situation left behind by the previous, Conservative government.“We have asked businesses and the wealthiest to contribute more. I know those choices will have an impact. But I stand by those choices as the right choices for our country: investment to fix the NHS and rebuild Britain, while ensuring working people don’t face higher taxes in their payslips.”“What really defines growth – is the decisions made in boardrooms up and down the country.It’s CFOs and CEOs asking: can we afford to invest? Can we afford to expand? Can we afford to take a chance on new people?When you hit profits, you hit competitiveness, you hit investment. You hit growth. Continue reading...
Rolling coverage of the latest economic and financial news
Rachel Reeves is expected to tell business leaders that they have offered “no alternatives” to her plans, in a defiant defence of her tax-raising budget today.
Reeves will tell the CBI’s annual conference in Westminster that no one has offered a better solution to the challenging situation left behind by the previous, Conservative government.
“We have asked businesses and the wealthiest to contribute more. I know those choices will have an impact. But I stand by those choices as the right choices for our country: investment to fix the NHS and rebuild Britain, while ensuring working people don’t face higher taxes in their payslips.”
“What really defines growth – is the decisions made in boardrooms up and down the country.
It’s CFOs and CEOs asking: can we afford to invest? Can we afford to expand? Can we afford to take a chance on new people?
When you hit profits, you hit competitiveness, you hit investment. You hit growth. Continue reading...
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