Billionaire James Dyson blasts ‘spiteful’ UK tax hikes

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The Straits Times 2w ago

Billionaire James Dyson blasts ‘spiteful’ UK tax hikes - The Straits Times

Quick Summary:

Remarks are most high profile attack on UK budget from a British business leader.

She announced the biggest tax rise for over 30 years to raise money to shore up public finances and improve public services, including an increase to firms’ national insurance contributions.

Ms Reeves said in an interview with the BBC on Nov 3 that she is “not immune” to criticism over her tax plans but said “we’ve got to raise the money to put our public finances on a firm footing.