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Evening Standard
Evening Standard
Politics
Christopher McKeon

Chancellor urged not to raise taxes on ‘drained’ businesses in Budget

Rachel Reeves has been urged not to raise taxes on businesses again in next month’s Budget (Matthew Horwood/PA) - (PA Wire)

Rachel Reeves must halt any further tax rises on businesses as firms face a “make-or-break moment” at next month’s Budget, the British Chambers of Commerce (BCC) has said.

After raising taxes by £40 billion last year, the Chancellor is widely expected to be preparing further hikes for November’s Budget as she battles to stick to her election promises and self-imposed debt targets.

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