Rachel Reeves Pledges No New Business Taxes Amid Criticism

Chancellor Rachel Reeves assured businesses there will be no further tax increases or borrowing after announcing significant tax hikes in her recent Budget, which aims to raise nearly £70bn for public spending. Despite backlash from business leaders, who argue the measures could harm investment and competitiveness, Reeves emphasized the need for stability and fiscal responsibility. The Confederation of British Industry (CBI) and major companies have expressed concerns over the impact on costs and economic growth, urging the government to consider reforms to support businesses.