Business groups have urged the government not to raise taxes on UK plc in its efforts to close a £22bn hole in the public finances, after Sir Keir Starmer warned that those with “the broadest shoulders” would be targeted in the upcoming Budget.
Louise Hellem, chief economist at CBI lobby group, said the Treasury should pledge not to introduce sector-specific windfall taxes on businesses or increase national insurance contributions paid by employers as it seeks to boost growth and restore Britain as a “stable investment destination”.
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