Companies across Britain are “in damage control”, with nearly half planning to cut jobs after the Labour government’s tax-rising budget, according to the boss of the country’s most influential business lobby group. 

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Reuters

United Kingdom

Confederation of British Industry warns tax rise will hit investment and pay

Rain Newton-Smith will say on Monday that businesses are being forced to ‘compromise on their plans for growth’ after the spending review.

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The Independent

Evgeny Lebedev

London

Greater London

England

CBI boss to warn Budget tax rises will ‘hit growth’ among UK firms

British employers have been caught off guard by a 25 billion pound ($31 billion) tax rise at last month's budget and plan to cut training, investment and jobs in response, the Confederation of British Industry said before its annual conference on Monday.

The Woodbridge Company

RACHEL Reeves’ Budget is squeezing profits and killing off growth, business chiefs will warn today.At the annual Confederation of Business Industry

Rachel Reeves’ Budget 'is squeezing profits and killing off growth'

The Sun

Murdoch family

Chancellor accused of forcing employers into ‘damage control mode’

The Telegraph

Press Holdings

David and Frederick Barclay

Two thirds of companies slash hiring plans after Reeves’s tax raid

Shropshire Star

MNA Media

Ketley

Shropshire

Many firms were surprised by the scale of the tax hikes.

The Straits Times

Singapore Press Holdings

Singapore

Half of UK firms will cut jobs after budget tax hikes, industry group says

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Tax rises announced during the recent budget will hit businesses rather than encourage growth, the head of one of the UK’s most prominent business groups will warn on Monday. The Confederation of British Industry (CBI) has joined a choir of voices opposing Chancellor Rachel Reeves’s fiscal measures, which the Labour Party claims are needed to […]

Sky News UK

Roberts family

'When you hit profits, you hit growth': Businesses criticise biggest budget tax increase in decades | UK News | Tech, Entertainment, Sport, Fashion, Travel News

The Chancellor's tax reforms are causing concern among the UK's business community

GB News

Budget tax hikes to 'hit growth' in blow to UK economy, business leaders warn

The government’s tax hikes will squeeze profits, damage investment and “hit growth”, according to the chief executive of the Confederation of British Industry (CBI). In a speech set to be delivered at the CBI’s annual conference later today, Newton-Smith will warn about the devastating impact of the Budget on businesses across the country.  “The rise in National Insurance and the stark lowering of the threshold caught us all off guard,” she will…

Half of UK firms will cut jobs after budget tax hikes, industry group says

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