Leading UK businesses have criticized the Chancellor's decision to impose new taxes on companies, with firms such as Screwfix, Greggs, and McVities expressing concerns over increased costs and potential job cuts. The Confederation of British Industry (CBI) chairman, Sir Rupert Soames, has accused the government of overburdening businesses with its latest budgetary measures.
BRICKIES’ favourite Screwfix , bakery Greggs and the boss of McVities biscuits were among firms laying into the Chancellor ’s raid on business yesterday.Boss Salman Amin said: “We would like to continue to be a major investor going forward. It’s becoming harder to understand what the case for investment is.”would add tens of millions of extra costs to the chain. Ms Currie said she would try to keep price rises to “pennies”.
He said of the Chancellor’s earlier attempts to woo business that the “Government’s actions have to match its words. The trust is low and it will get lower.”The Chancellor said the only alternative available to her big £25billion tax raid on business “was instability hanging over us for another year as people asked how are you going to make the sums add up?”.
The sale of its Australian coal mines to Peabody Energy is part of a defence strategy by boss Duncan Wanblad to boost shareholder returns.
Chancellor Business Tax Screwfix Greggs Mcvities Confederation Of British Industry
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