Euan Blair warns higher taxes could cripple UK growth ahead of Chancellor's Budget
2 reports, 1 independent
Updated Sun 00:00
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What happened
Euan Blair warned that higher taxes could damage growth, citing genuine fear among businesses that the UK economy cannot absorb further tax increases. Speaking to Cathy Newman, Mr Blair argued that technology companies are key to expanding the UK economy and creating jobs. These comments were made ahead of Chancellor John Healey's Budget on October 28.
From aol.co.uk
Why it matters
Blair's warnings create pressure on the Government. The Government is currently facing the challenge of raising additional revenue while maintaining its established fiscal rules.
From aol.co.uk
Who's involved
- Euan BlairWarned that higher taxes could cripple growth and stressed the importance of tech companies to the economy.
- Cathy NewmanJournalist who discussed tax plans with Euan Blair.
- John HealeyChancellor whose upcoming budget is the subject of the tax debate.
Keep exploring
The entities involved
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Cathy Newman
journalist
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Euan Blair
British businessman (born 1984)
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John Healey
British politician (born 1960)