TaxCorporate TaxCBI warns chancellor not to increase tax

CBI warns chancellor not to increase tax

Business leaders have made a last ditch attempt to stop the Chancellor increasing corporate tax in this week's pre-Budget report.

Link: Corporate profits at highest since 1999

CBI director-general Digby Jones has warned Gordon Brown not to do anything that could threaten the UK’s economic stability.

He said Number 11 should keep the ‘boring and predictable stability’ of the economy.

‘We have a more successful economy than America or Japan, France or Germany: I just don’t want him to do anything fiscally, or with spending, that will jeopardise that,’ said Jones.

There are fears among some in the private sector that they could be the ones to foot the bill for the government’s public spending commitments via an increased levy in the business tax.

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