CBI: Business tax raid crashing UK private sector

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The story "CBI: Business tax raid crashing UK private sector" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star 2d ago

CBI: Business tax raid crashing UK private sector - The Star

Quick Summary:

LONDON: Business activity in the United Kingdom is on course to shrink for the first time in more than two years as companies cut jobs and rein in investment following the October budget, according to the Confederation of British Industry’s (CBI) monthly growth indicator.

The collapse in sentiment follows Chancellor Rachel Reeves’ tax raid on private industry as she looks to repair Britain’s ailing public services.

The IoD’s optimism tracker for November, published on Sunday, found businesses were the most pessimistic since April 2020, at the start of the pandemic.