CBI calls for no increase to business tax

The
CBI has called on Chancellor Gordon Brown to put business first in the budget,
or risk long-term damage to UK competitiveness.

In
its budget submission published today, the CBI said that if business tax was
increased any further, there would be damaging cuts in corporate investment.

It
also urges Brown not to risk the health of the economy by announcing anything
that could harm demand, like increased spending plans or higher taxes.

Digby
Jones, director general of the CBI, said the budget should be used to address
the urgent problems around employer insurance and pensions.

www.cbi.org.uk

By Ross Wigham

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