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CBI warns Rishi Sunak he risks undercutting future green economy
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Britain’s foremost business lobby group has warned Rishi Sunak that his tax and spending plans risk undercutting government ambitions for a green, high-wage economy by discouraging the necessary investment.
Ahead of the chancellor’s budget next week, the Confederation of British Industry (CBI) said there were fundamental inconsistencies in the government’s economic strategy that needed urgent attention.
It said Boris Johnson was “betting the shop” on private sector investment to hit net zero targets and raise economic productivity, but the government was doing too little to encourage firms, instead hitting them with higher taxes.
In a stinging critique ahead of the budget, Tony Danker, the CBI director general, compared government attacks on
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