UK Business Leaders Warn Chancellor Over Budget Tax Hikes

British business leaders warned Chancellor John Healey that the scale of tax increases planned for the October 28 budget will determine their capacity to hire more young workers. The warnings followed separate meetings held Tuesday morning between the business leaders, the chancellor, and Prime Minister Andy Burnham to discuss the national economic outlook.

Business firms are currently lobbying against further levies, arguing that the tax burden has already increased significantly in recent budgets. The leaders indicated that additional tax hikes could stifle growth and recruitment efforts for the youth workforce.