'Own Goal' - City Chiefs Warn Healey Higher Bank Taxes Will Hurt Jobs

'Own goal' - City chiefs warn Healey higher bank taxes will hurt jobs

Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]

Budget tax hikes for financial sector would be ‘own goal’, says CBI

Rain Newton-Smith, chief executive of the major business group, will call on Chancellor John Healey to give ‘business breathing space’.

Bank tax raid an 'own goal' for the UK economy, CBI warns Healey

In a last-ditch pre-Budget plea, Confederation of British Industry chief Rain Newton-Smith argues that such a move would hurt Britain's competitiveness.

Budget tax hikes for financial sector would be 'own goal', says CBI