CBI boss calls for Rachel Reeves to tear up Labour’s manifesto pledge on tax
Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working peopleCBI chief: ‘It’s time for Reeves to reconsider Labour’s manifesto promises on tax’The boss of the Confederation of British Industry has suggested the chancellor...
<p>Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working people</p><ul><li><p><a href="https://www.theguardian.com/uk-news/2025/sep/09/rachel-reeves-labour-tax-business-rates-vat">CBI chief: ‘It’s time for Reeves to reconsider Labour’s manifesto promises on tax’</a></p></li></ul><p>The boss of the Confederation of British Industry has suggested the chancellor should tear up Labour’s manifesto pledge not to raise taxes on working people, in a significant intervention before the budget.</p><p>Rachel Reeves is widely expected to present a package of tax rises in her 26 November statement to offset deteriorating economic forecasts. However, the chancellor has been hamstrung by Labour’s promise not to increase the three main revenue-raisers for the Treasury: income tax, national insurance and VAT.</p> <a href="https://www.theguardian.com/business/2025/sep/09/cbi-boss-calls-for-rachel-reeves-to-tear-up-labours-manifesto-pledge-on-tax">Continue reading...</a>
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