"We are now at a level where we can't tax anybody any more, but we can't borrow any more, so we are really at the mercy of those people we've borrowed from, so if they lose confidence in us, we have serious issues."
"Rachel Reeves has shattered business and consumer confidence with her tax hikes and her economic incompetence. It's little wonder investment in Britain is stagnant. Her tax hikes are sending costs for businesses soaring and making Britain less competitive. That means lower growth and higher unemployment."
"With punishing tax hikes and suffocating red tape, this Labour Government has presided over a hostile environment for investors. When faced with rising uncertainty and an administration that is ideologically opposed to any semblance of wealth creation, investors are naturally opting to take their money elsewhere. It's no wonder that business confidence has plunged to record lows."
Tax increases and policy decisions have sharply reduced business and investor confidence, leaving Britain with the lowest investment levels in the G7. Latest figures show public and private investment rose by only 18.6% in the three months to September. Polling from More in Common finds six in ten people believe the UK is on the verge of recession. An unnamed Labour MP warned that SMEs face higher employer national insurance and a rising national living wage that will hinder hiring and expansion. Shadow and opposition politicians say tax hikes, red tape and economic mismanagement are driving investors away and harming growth.
Read at London Business News | Londonlovesbusiness.com
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