‘That’s two people we won’t hire now’: bosses react to Reeves’s tax rises

Marie Copper, the chief executive at CBE+, said of the budget: ‘There are a lot of businesses that will want to reduce headcount off the back of it.’ Photograph: Christopher Thomond/The Guardian

Marie Cooper has plans to grow her Midlands engineering business next year, making more of the pistons and pipework that planes, cars and oilfield machinery need.

That should have aligned well with the chancellor Rachel Reeves’s hopes to grow the UK economy, but after the first Labour budget since 2010, Cooper has been left looking at tens of thousands of pounds in extra taxes.