Rachel Reeves’ Budget is squeezing profits and killing off growth, business chiefs will warn today ...Middle East

Reuters RACHEL Reeves’ Budget is squeezing profits and killing off growth, business chiefs will warn today. At the annual Confederation of Business Industry conference, the Chancellor will be told she “must never again” unleash a tidal wave of taxes on hardworking traders. CBI CEO Rain Newton-Smith is set to caution Rachel Reeves In Westminster CBI CEO Rain Newton-Smith will caution Ms Reeves that “when you hit profits, you hit competitiveness, you hit investment, you hit growth”. Just one day before ministers unveil a major drive to get Brits on benefits back to work, Ms Newton-Smith will also declare that after the Budget businesses feel they can’t afford to “take a

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