Rachel Reeves says there will be no more tax increases on UK business

The chancellor defends her Budget at the CBI conference, saying the revenue raising measures were necessary

Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget. She said at the CBI annual conference that she had no regrets about her fiscal decisions, even as some executives warned they were reconsidering investment plans because of her actions.

” On the sidelines of the event, he described the Budget as “a bit shit”. He told the Guardian: “If we can come to a position where business can say: ‘Well OK, the Budget was a bit shit but we can live with the rest’, then there’s probably a landing ground we can get to, where the government can retain the confidence of business.

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