Sunak’s tax raids push Britain further behind Germany and US

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The Centre for Policy Studies (CPS) said that the UK’s outdated business rates system, combined with a planned corporation tax hike and National Insurance raid to fund social care, could derail Boris Johnson’s levelling up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