UK Industry Group Warns Against Business Tax Rises

UK Industry Group Warns Against Business Tax Rises
The City of London financial district can be seen as people walk along the south side of River Thames, in London, on March 19, 2021. Henry Nicholls/Reuters
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A leading British industry group has warned the government against announcing new business tax rises in next week’s budget, which it said would dampen the UK’s economic recovery.

The Confederation of British Industry (CBI) said on Friday that UK businesses share the government’s aim to boost private sector investment, but worry that the budget will not do what is needed to achieve its objective.