David Whitehouse, OEUK's chief executive, stressed, 'The analysis shows that the government's proposals to go further would lead to an accelerated decline of domestic production, ultimately reducing jobs and economic value.' He emphasized that the policies risk undermining the very economic growth the government aims to achieve.
The OEUK's data analysis presented to the Treasury suggests that increasing the windfall tax would result in a £12 billion drop in tax receipts, devastate sector investments, and jeopardize 35,000 jobs.
[
Collection
]
[
|
...
]