TaxCorporate TaxBusinesses attack Blair over taxes and red tape

Businesses attack Blair over taxes and red tape

Leading businessmen have challenged Tony Blair over the increasing tax burden carried by British businesses after a leaked letter to the Treasury signalled decreased public spending and yet another tax hike.

Link: Corporate tax reform consultation extended

Businessmen, including HSBC chairman John Bond and Dixon’s Lord Blyth of Rowington met with the prime minister yesterday. It is understood tax was among the issues discussed in talks that were said to be ‘friendly and constructive’.

Last week leaders of the UK’s largest companies said they intended to tell Blair they would leave the country unless action was taken to cut taxes and red tape.

But a leaked letter from the Treasury to cabinet ministers revealed that Gordon Brown and the prime minister had agreed to curb Britain’s borrowing measures and put the brakes on public spending, a move that could lead to another tax hike, the Times reported.

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