UK Business Warns Against ‘Death by a Thousand Taxes’ at Budget

The UK’s biggest business lobby warned Rachel Reeves against hitting companies with a series of smaller tax rises as she prepares this year’s budget, saying she should “prioritize long-term prosperity over short-term thinking.”

Britain’s chancellor on Tuesday gave a speech setting the stage for tax hikes in her Nov. 26 set-piece as she seeks to fill a fiscal hole that’s opened up amid rising borrowing costs, expensive policy reversals and global economic headwinds fanned by Donald Trump’s tariff war.

But after she raised taxes by £40 billion ($52 billion) in last year’s budget, mainly on businesses, the Confederation of ...