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Tax threat and negativity undermine investment efforts, business leaders warn

Industry executives air concerns over prime minister and chancellor’s gloomy comments about public finances
The government is preparing to make its pitch to high-profile international investors at a summit on October 14

Business leaders have warned that the UK government’s tax-raising plans and negativity about its economic inheritance risk undermining its efforts to boost private sector investment.

Sir Keir Starmer’s Labour government is desperate to attract foreign capital to upgrade the country’s infrastructure and kick-start economic growth, which has flatlined for a decade.

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