Business chiefs tell Reeves to make ‘unpopular’ tax decision

cityam

Nov 06, 2025

Business chiefs are demanding Reeves to take bolder decisions at the Budget. Business chiefs have urged Rachel Reeves to take a bolder approach at the Budget and consider “unpopular” decisions to ...

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Business chiefs have urged Rachel Reeves to take a bolder approach at the Budget and consider “unpopular” decisions to ...</p>\n\n<a href=\"https://www.cityam.com/business-chiefs-tell-reeves-to-make-unpopular-tax-decision/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBI","symbol_name":"西比埃公司","start_time":0,"source_url":"https://www.cityam.com/business-chiefs-tell-reeves-to-make-unpopular-tax-decision/","article_id":"2581058811","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/05/Screenshot-2025-05-28-09.22.38.png?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/business-chiefs-tell-reeves-to-make-unpopular-tax-decision/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2581058811","pubTimestamp":1762408800,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"While the CBI steered clear of the Institute of Director’s clear proposal for Reeves to raise income tax, it strongly hinted that hiking income taxes – thereby breaking a key Labour Party manifesto pledge – would be the “most sensible” option.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.“It’s up for them to decide,” CBI chief economist Lousie Hellem told City AM.“The business tax burden is at its highest for 25 years. The top line for us is don’t increase the tax burden more.”Hellem added that businesses were “conscious” there had been a Spending Review that baked in departmental budgets.It also re-emphasised previous proposals for the government to tweak the Employment Rights Bill to prevent a further slowdown in hiring and to scrap plans to introduce an international student income levy, which it said would damage ambitions set out in Labour’s industrial strategy.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBI":"西比埃公司"},"translate_title":"商界领袖告诉里夫斯做出“不受欢迎”的税务决定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBI":1},"content_text":"Business chiefs are demanding Reeves to take bolder decisions at the Budget. Business chiefs have urged Rachel Reeves to take a bolder approach at the Budget and consider “unpopular” decisions to break Labour Party manifesto commitments. Members across the Confederation of British Industry (CBI), one of the UK’s largest industry groups, have urged the Chancellor to focus on boosting investment and productivity for the long-haul. Business leaders said the Chancellor should focus on giving firms greater confidence by creating a fiscal headroom larger than £9.9bn.Business chiefs believe a larger headroom would prevent “unwelcome tax changes” being made in the spring, potentially continuing the UK’s doom loop. \n\nWhile the CBI steered clear of the Institute of Director’s clear proposal for Reeves to raise income tax, it strongly hinted that hiking income taxes – thereby breaking a key Labour Party manifesto pledge – would be the “most sensible” option. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n“It’s up for them to decide,” CBI chief economist Lousie Hellem told City AM. “The business tax burden is at its highest for 25 years. The top line for us is don’t increase the tax burden more.”Hellem added that businesses were “conscious” there had been a Spending Review that baked in departmental budgets.\n\nEnd ‘yearly tinkering’ with taxesThe CBI’s chief executive Rain Newton-Smith said the Chancellor should end the cycle of “yearly tinkering” and consider breaking Labour manifesto pledges not to raise the three biggest revenue-raisers for the government. “Sticking rigidly to manifesto commitments may be politically laudable, but it’s only economically viable if material conditions remain unchanged. The fact is they are not. “Tax rises and spending cuts are unpopular, but the reality is that the Chancellor faces little choice. We need to make sure that these measures are fair, broad-based and have a laser-like focus on raising investment, growth and productivity for the long term.”Reeves handed pro-growth optionsIn a sweep of proposals handed to the government, the CBI has said the government should fast-track critical infrastructure through primary legislation, including by hiring 600 planners to deliver a “liberalised planning system”. \n\nIt also re-emphasised previous proposals for the government to tweak the Employment Rights Bill to prevent a further slowdown in hiring and to scrap plans to introduce an international student income levy, which it said would damage ambitions set out in Labour’s industrial strategy.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}