Top UK Business Leader Warns Rachel Reeves Not to Hike Corporate Taxes

Chancellor of the Exchequer Rachel Reeves should resist the temptation to raise levies on UK companies further because of the risk of strangling economic growth, one of the country’s biggest business lobbies said.

“Our message to government is very clear: no more tax on business,” British Chambers of Commerce Director General Shevaun Haviland said in an interview with Bloomberg ahead of her industry group’s annual conference on Thursday. “More taxes will slow down the economy, slow down businesses, and that will be a vicious circle.”