At the British Chambers of Commerce conference, Prime Minister Keir Starmer expressed gratitude to businesses for absorbing the financial impact of a £23 billion national insurance increase, credited with supporting the NHS and infrastructure. He acknowledged the challenges companies endured during his administration's focus on national recovery. However, business leaders, spearheaded by BCC's Shevaun Haviland, firmly cautioned against additional tax increases in the upcoming autumn Budget, emphasizing that businesses are already under significant financial strain and cannot bear additional burdens without jeopardizing their sustainability.
"I fully acknowledge that this year, as we've had to fix the foundations... we've asked a lot of you. I want to acknowledge that it has made a huge difference."
"If there is one message I want government to take away, it is this: there must be no further tax increases at the autumn Budget... We cannot keep asking businesses to pick up more of the tax burden."
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