Business taxes have pushed the UK to a critical ‘tipping point’, CBI warns

Business taxes have pushed the UK to a critical ‘tipping point’, CBI warns

The creation of new business taxes risks undermining the economic recovery, the Confederation of British Industry (CBI) has warned. The CBI said the Apprenticeship Levy (AL), National Living Wage (NLW) and the growing burden of business rates amounted to a £29 billion raid on companies over the next five years. Speaking during their Budget submission, Carolyn Fairbairn, Director-General of the CBI, said the taxes introduced Read more…