Britain is set to fall further behind Germany in the competitiveness of its tax system as a string of Treasury raids risk making it an increasingly unappealing business destination, a leading Tory think tank has warned.
The Centre for Policy Studies (CPS) said that the UK’s outdated business rates system, combined with a planned corporation tax hike and National Insurance raid to fund social care, could derail Boris Johnson’s levelling up ambitions and throw economic growth off course.
Read more in The Telegraph (£) here.
Date Added: Friday 22nd October 2021
