New tax plan could send businesses into hibernation’
The Independent|November 14, 2022
Business growth will go into "hibernation" for years unless chancellor Jeremy Hunt matches tax rises in the upcoming miniBudget with moves to relax rules on immigration, planning and regulations, the CBI has warned.
ANDREW WOODCOCK
New tax plan could send businesses into hibernation’

Failure to take action to tackle labour shortages will be "damaging in the short and long term", CBI director general Tony Danker said. He also added that without changes that will make recruiting from abroad easier and speed up planning decisions on major projects, many companies will simply halt investment plans over the coming years. Mr. Danker warned that Brexiteer plans - backed by prime minister Rishi Sunak - to review or repeal EU-derived laws will make "no positive difference" to most companies.

This story is from the November 14, 2022 edition of The Independent.

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This story is from the November 14, 2022 edition of The Independent.

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