Institute of Directors backs calls for income tax rise

Institute of Directors backs calls for major tax rises as Rachel Reeves warned 'stop fiddling while the UK burns'

Rachel Reeves has been urged to "stop fiddling while the UK burns" and increase income tax to fix the public finances.The Institute of Directors has made an extraordinary appeal for higher income taxes, abandoning its traditional position of championing reduced taxation.This volte-face from the organisation, which represents nearly 20,000 members from major corporations to smaller enterprises, reflects growing alarm about Britain's economic traj…

Thursday papers: Institute of Directors backs calls for income tax rise

And bond giant Pimco bets falling inflation will pave the way for deeper BoE rate cuts.

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