BusinessCompany NewsTreasury ‘fag packet’ tax regime blasted

Treasury 'fag packet' tax regime blasted

CBI chief say Darling has 'pulled the rug out from under the Government's decade-long effort to encourage an enterprise culture'

The CBI president has lambasted the Treasury for policymaking that seemed to
have ‘been drawn up on the back of a fag packet’.

Martin Broughton, CBI president and also chairman of British Airways, made
his comments in a speech during a lunch at which new chief secretary to the
Treasury Yvette Cooper was present, reported
The
Daily Telegraph
.

He slammed proposed changes to the tax regime as damaging the government’s
stand on encouraging the enterprise culture, comments that will put more
pressure on Alistair Darling prior to the Budget.

Broughton said that since Darling became Chancellor, the changes he has
introduced ‘pulled the rug out from under the Government’s decade-long effort to
encourage an enterprise culture’.

‘In his final days as chancellor [Gordon Brown] gave a triumphant speech
about the City and its prospects… we’ve all had a bit of a reality check over
the past six months,’ said Broughton.

Further reading:

CBI dismisses EU targets as unrealistic

CBI
launches savage attack on Treasury

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor