"Rachel Reeves is set to face the Confederation of British Industry, defending her recent tax increases amid criticism that these measures are deterring business growth and hiring."
"The chief executive of CBI will express concerns that the recently implemented tax rises are making it increasingly difficult for businesses to take risks on hiring new personnel."
"Reeves claims there was no alternative to the significant tax hikes, which fund a nearly £70 billion uplift in public spending amid challenging business conditions."
"She will emphasize that many sectors are experiencing squeezed margins and profits, stating that the already tough trading environment has worsened recently."
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