The Chancellor has been warned that Britain ‘cannot tax its way to prosperity’ and must back business or face a ‘generation of stagnation’.
In a report ahead of the Budget, wealth manager Rathbones urged John Healey ‘to put restoring business confidence’ at the heart of his plans.
It called for reforms to business taxation – including the business rates system – and stamp duty on house purchases.
The company also urged the Chancellor to resist calls for an annual wealth tax or hikes in capital gains tax while boosting investment in British firms through pension funds.
‘The country cannot tax its way to prosperity
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