Lord Lawson warns of UK tax and red tape burden

Lord Lawson warns of UK tax and red tape burden

Former chancellor warns burden on UK businesses may drive them away

London’s position as Europe’s leading financial centre is being threatened by
Gordon Brown’s addiction to tax and red tape, according to former chancellor
Nigel Lawson.

He warned that the government was in danger of driving Britain’s most
profitable businesses away, according to the Daily Telegraph.

In a pamphlet published today by the Centre for Policy Studies, Lawson said
one of the biggest threats to London’s position was the level and complexity of
taxation.

‘Over the past ten years, both the burden and the complexity have greatly
increased, the latter mind-boggingly so,’ said Lawson. ‘This process badly needs
to be reversed.’

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