Budget tax hikes for financial sector would be ‘own goal’, says CBI

CBI chief executive Rain Newton-Smith has warned that implementing budget tax hikes for the financial sector would be an own goal. The leader of the major business group intends to call on Chancellor John Healey to provide essential business breathing space. This appeal highlights the CBI's position that increasing taxes on financial institutions could be counterproductive, urging the government to maintain a supportive environment for businesses to operate effectively without the burden of additional fiscal pressures.