In a speech today at the Alliance Manchester Business School, Tony Danker, director general of the CBI, called on the government to rethink the tax burden it is placing on businesses or face a ‘self-defeating’ halt to investment in the UK.

In response to the 1.25% National Insurance contributions (NIC) rise which was announced last week,  Danker states that further business tax increases ‘must end’ and warns the government that a return to ‘businesses as usual in our economic policy would be a mistake’.

The speech states that while companies across the country had been ready to shoulder some of the costs arising from Covid-19 the government is now ‘going too far’ with its latest plan to increase NICs.

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