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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

US activist investor urges Whitbread review after budget tax changes

Exterior of a Premier Inn
Whitbread said last month that changes in the autumn budget would cost it £40m-£50m in its next financial year. Photograph: Christopher Thomond/The Guardian

The owner of Premier Inn is facing calls from an American activist investor to rethink its business strategy, just weeks after the company warned the budget would cost it up to £50m next year.

Corvex, a New York-based hedge fund, told Whitbread it should begin a strategic review as it braces for big tax rises next year after changes announced by the chancellor, Rachel Reeves.

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