The boss of the Confederation of British Industry (CBI) has urged the Chancellor to ditch Labour’s manifesto pledge not to raise taxes on working people as concerns in the corporate sector ramp up ahead of the autumn Budget.
Writing in the Guardian newspaper, CBI chief executive Rain Newton-Smith said the “time for tinkering is over” and warned Rachel Reeves against “slavish adherence” to tax promises made in the run-up to last year’s general election.
