Budget tax rises must be temporary and coupled with pro-business plan, TBI says

Chancellor Rachel Reeves will deliver the Budget later this month (Justin Tallis/PA) - (PA Wire)

Any major tax rises imposed by Rachel Reeves must be “temporary” and coupled with reforms to help businesses “bruised” by the last Budget, Sir Tony Blair’s think tank has said.

A report from the Tony Blair Institute (TBI) called on the Chancellor to bring businesses “back onside” by moving beyond “the caution of the Government’s first year in office” in her November 26 Budget.