Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growth
Rachel Reeves has been warned that her number one mission to boost Britain’s economy is at risk amid fresh evidence that the budget has damaged business confidence after tremors in the financial markets.
With the government under pressure to defend its tax and spending plans, business leaders said the chancellor had failed to halt a rapid deterioration in sentiment among company bosses ahead of the budget, with damaging consequences for their investment intentions.
Continue reading…Warning from Institute of Directors comes as ratings agency Moody’s says budget will do little to improve growthBusiness live – latest updatesRachel Reeves has been warned that her number one mission to boost Britain’s economy is at risk amid fresh evidence that the budget has damaged business confidence after tremors in the financial markets.With the government under pressure to defend its tax and spending plans, business leaders said the chancellor had failed to halt a rapid deterioration in sentiment among company bosses ahead of the budget, with damaging consequences for their investment intentions. Continue reading…